India's new Index of Services Production reveals strong growth in April 2026. Fourteen of nineteen formal services sub-sectors achieved double-digit expansion. Wholesale trade, retail, and accommodation led this impressive economic performance. Air and railway transport experienced declines, while other sectors showed positive annual growth. This index provides crucial monthly data on India's formal services sector.

The utilisation of GST data for statistical purposes marks an important advancement in leveraging administrative data to strengthen India’s statistical system

India's new Index of Services Production reveals strong growth in April 2026. Fourteen of nineteen formal services sub-sectors achieved double-digit expansion. Wholesale trade,…

India's Ministry of Statistics and Programme Implementation has launched a new monthly services production index. This experimental index, with 2024-25 as its base year, covers 19…

India's formal services sector began the new fiscal year strongly in April. Fourteen of nineteen sectors tracked by the new Index of Service Production showed growth.…