India is set to launch the Index of Service Production (ISP) next month, a crucial new monthly indicator mirroring the Industrial Production Index. This initiative aims to precisely track the growth of the vital services sector, which forms the backbone of the Indian economy. The index will initially cover key areas like trade, transport, and finance, with health and education to be included later.

India is set to launch the Index of Service Production (ISP) next month, a crucial new monthly indicator mirroring the Industrial Production Index. This initiative aims to…

MoSPI will launch Index of Services Production next month to track India’s services output, offering high-frequency data across key sectors like banking and trade.

The new Index of Services Production (ISP) will measure monthly changes in India's services sector, starting July 14, 2026.