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Services index to debut on July 14, exclude health, education
New Delhi: Starting next Tuesday, India's official statistical machinery is set to release the index of services production (ISP), with base year 2024-25, which will act as a high frequency indicator to gauge short- term economic momentum, covering nearly two-third of gross value added (GVA) of the sector.
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economictimes.indiatimes.com
Expert panel: Release services production index within 60 days
An expert panel recommended monthly compilation of sectoral indices and releasing the ISP within sixty days. This new index will provide a comprehensive monthly measure of India's…
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thehindu.com
New Index of Services Production will be based on GST, admin and survey-based data
The new Index of Services Production will uniquely blend GST, administrative, and survey data for accurate services sector estimates.
