EconomyTuesday, 14 July 2026·The Hindu - Economy
India’s new Index of Services Production: 19 sub-sectors, 60% coverage, April 2026 growth data
The inaugural Index of Services Production showed 14 of 19 sub-sectors growing in double digits in April 2026, with 60% sector coverage.
Key highlights
Direct fact
In April 2026, the government’s inaugural Index of Services Production (ISP) showed double-digit growth in 14 of its 19 sub-sectors, and the Ministry of Statistics and Programme Implementation said the monthly index will be released on the 29th of every month.
Key specifics
- The ISP covers 19 sub-sectors, accounting for about 60% of India’s services sector.
- It is the services-sector counterpart to the Index of Industrial Production (IIP).
- The base year for the trial ISP has been set as 2024-25.
- Top April 2026 growth rates included accommodation and food at 37.2% and retail trade at 30.8%.
- The data sources include GST data, administrative data and ASISSE data.
Exam lens
MCQ focus: ISP vs IIP, 19 sub-sectors, 60% coverage, base year 2024-25, release date on the 29th; TNPSC may ask which ministry released the index and which sectors grew fastest.