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Service output index to debut next month with FY25 base
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.
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economictimes.indiatimes.com
Service output index to debut next month with FY25 base
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…
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thehindubusinessline.com
Services index with a base year of FY25 to be launched with a 60-day lag
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.
