Chief Economic Adviser V. Anantha Nageswaran said the newly launched Index of Service Production (ISP) will enable faster, data-driven policymaking by providing timely insights into the services economy. He added that while the ISP currently measures volumes based on value data adjusted through deflators, its coverage will continue to expand going forward.

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…

Chief Economic Adviser V. Anantha Nageswaran said the newly launched Index of Service Production (ISP) will enable faster, data-driven policymaking by providing timely insights…

India plans to launch a headline Index of Services Production (ISP) within the next few months, giving investors the country's first official monthly measure of services output.…