India will launch a new services production index next week to track activity in the country's dominant services economy. It aims to provide timely economic insights for policymakers and businesses. The index will use digital and administrative data sources for compilation. This new tool will complement India's existing main barometer -- the IIP.

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…

India will soon release a new monthly Index of Services Production. Information and computer services will lead this important economic indicator. Retail trade and administrative…