India has introduced the Index of Services Production (ISP), a new statistical tool that will provide monthly, near real-time insights into the performance of the services sector. The initiative aims to strengthen evidence-based policymaking through India’s expanding digital public infrastructure.

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• India has launched the Index of Services Production (ISP).
• The ISP provides the country’s first official monthly measure of formal services sector activity.
• The index enables near real-time monitoring of the services economy.
• India’s digital public infrastructure (DPI) is evolving into a statistical infrastructure for policymaking.
• The ISP helps policymakers detect sectoral slowdowns much earlier.
• The index currently covers 19 services sub-sectors.
• These sub-sectors account for around 60% of India’s services sector.
• The services sector contributes more than half of India’s Gross Value Added (GVA).
• Data released for April 2026 showed 14 out of 19 sub-sectors recorded double-digit growth.
• The index measures production volumes using value-based data after appropriate adjustments.
• The coverage of the ISP is expected to expand to 85–90% of the formal services sector in the coming months.
• The initiative has been developed by the Ministry of Statistics and Programme Implementation (MoSPI).
• The ISP will support data-driven economic planning and policy decisions.
• Monthly ISP data will help monitor trends in the services sector more effectively.
• The launch marks a significant step toward strengthening India’s economic statistics and digital governance framework.