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The Economic Times
The Economic Times

What is the Index of Services Production and which sectors does it cover?

MoSPI India Methodology

India has introduced the Index of Services Production (ISP), a new monthly indicator that measures changes in the output of the services sector. Released by the Ministry of Statistics and Programme Implementation (MoSPI), the ISP is intended to complement the Index of Industrial Production (IIP) by providing a high-frequency measure of services sector activity.

The first experimental ISP, with 2024-25 as the base year, has been released for April 2026. It covers 19 services sub-sectors and captures around 60% of India's formal services sector.

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