India launches maiden Index of Services Production; 14 of 19 sub-sectors post double-digit growth in April
India launched its maiden Index of Services Production (ISP) to provide monthly data on the formal services sector. In April 2026, 14 of 19 services sub-sectors posted double-digit growth, led by wholesale trade, retail and accommodation, while air and railway transport saw declines. The index gives policymakers a regular, high-frequency read on services — the largest contributor to India's GDP.
Key Facts & Details
7 points- 1India released its first/maiden Index of Services Production (ISP).
- 214 of 19 formal services sub-sectors recorded double-digit growth in April 2026.
- 3Growth was led by wholesale trade, retail and accommodation.
- 4Air and railway transport saw declines.
- 5The ISP tracks the formal services sector on a monthly basis.
Deep Dive
- +Services are the largest sector in India's GDP, making high-frequency services data valuable for policy.
- +The ISP complements the Index of Industrial Production (IIP) for the industrial sector.
Exam Focus
The new Index of Services Production (ISP) tracks which sector of the economy?
Related Topics
Exam Relevance & Angle
A newly launched official index (name, coverage) is a testable economy/reports GA item.
Target Exams
Background & Context
The ISP fills a gap by giving monthly data on formal services, complementing existing industrial indices.
Test Yourself
1 / 1India's newly launched Index of Services Production (ISP) primarily measures activity in the:
Source
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