Government Releases First Services Production Index

The Ministry of Statistics and Programme Implementation (MoSPI) released India’s first trial Index of Services Production (ISP) for April 2026 on 14 July 2026. The trial index covers 19 formal services sub-sectors and uses 2024-25 as the base year.

Index of Services Production

The Index of Services Production is a monthly indicator for measuring short-term changes in the output of the formal services sector. The index is designed to complement the Index of Industrial Production (IIP), which measures changes in industrial output in India.

Coverage and Base Year

The inaugural ISP covers 19 formal services sub-sectors, which together represent about 60% of India’s formal services economy. The base year 2024-25 provides the reference period for comparing monthly movements in the index.

April 2026 Trial Data

In April 2026, 14 of the 19 sub-sectors recorded double-digit year-on-year growth over April 2025. Accommodation and food services grew by 37.2%, retail trade by 30.8%, administrative and support services by 28.7%, and real estate by 27.7%. Air transport contracted by 13.9% in April 2026, while railway transport declined by 0.4% in the same month.

Important Facts for Exams

• MoSPI is the nodal ministry for official statistics in India.
• The Technical Advisory Committee on Index of Services Production was constituted in May 2025.
• The monthly sub-sectoral indices are scheduled for release on the 29th of every month.
• The services sector includes trade, transport, accommodation, real estate, and support services in official statistical classifications.

Statistical Context

The ISP is a trial indicator before the introduction of an overall Services Production Index. Monthly services-sector indicators are used in national accounts, sectoral analysis, and short-term economic measurement.