MoSPI releases first sub-sectoral trial Index of Services Production
The Ministry of Statistics and Programme Implementation (MoSPI) on 14 July 2026 brought out its first release of the trial Index of Services Production (ISP) for 19 sub-sectors, with base year 2024-25.
Summary
The Ministry of Statistics and Programme Implementation (MoSPI) on 14 July 2026 brought out its first release of the sub-sectoral trial Index of Services Production (ISP), with base year 2024-25, for the month of April 2026. The 19 sub-sectors cover about 60% of the services sector, and the index gives, for the first time, a monthly measure of short-term movements in India's formal services sector, which accounts for more than half of economic activity. Subsequent ISPs will be released on the 29th of every month, and an overall ISP will come later after the stability of the sub-sectoral indices is studied. The Technical Advisory Committee on ISP (TAC-ISP), constituted in May 2025, guided the methodology, and its report was released on 7 July 2026.
Key facts
- Released by
- MoSPI, 14 July 2026
- Reference month
- April 2026
- Base year
- 2024-25
- Coverage
- 19 sub-sectors, about 60% of the services sector
- Release cycle
- 29th of every month
- Overall ISP
- To be brought out later
- Static link
- TAC-ISP constituted May 2025; report released 7 July 2026
Practice MCQs 3 questions
What is the base year of the trial Index of Services Production (ISP) first released by MoSPI in July 2026?
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Correct answer: A — 2024-25
The sub-sectoral trial ISP has base year 2024-25.
The first trial Index of Services Production released in July 2026 covers how many sub-sectors?
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Correct answer: C — 19
The ISP was released for 19 sub-sectors covering about 60% of the services sector.
Consider the following statements about the Index of Services Production (ISP): 1. The 19 sub-sectors cover about 60% of the services sector. 2. Subsequent ISPs will be released on the 29th of every month. 3. The Technical Advisory Committee on ISP was constituted in May 2025. Which of the statements given above are correct?
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Correct answer: D — 1, 2 and 3
All three are correct: ~60% coverage, release on the 29th of each month, and TAC-ISP constituted in May 2025 (report released 7 July 2026).