Index of services production set to come by July

NEW DELHI: The first ever index of services production (ISP) is set to be released around July, complementing the new index of industrial production (IIP) series, which will come out on June 1 with the revised base year 2022-23. This new index, which has been in making for several years, will help assess the shortterm movement in production in the dominant services sector, which now contributes more than half of India’s GDP and generates millions of jobs.

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