📷 Image: Wikimedia Commons / Ministry of Statistics and Programme Implementatio
Business
India Launches Index of Services Production to Track Economic Pulse
✍️ The New Indian Express
🗓 27 Jul 2026, 09:38 PM
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India has introduced the Index of Services Production (ISP) to monitor the performance of its services sector, a key driver of the economy. The ISP, released monthly by the Ministry of Statistics and Programme Implementation, offers policymakers a timely gauge of growth and helps shape fiscal decisions.
India’s Ministry of Statistics and Programme Implementation has unveiled the Index of Services Production (ISP), a new monthly statistical tool designed to track the performance of the country’s services sector.
The ISP aggregates data from a broad range of service industries—including finance, tourism, telecommunications and information technology—to provide a comprehensive snapshot of sectoral output. By capturing changes in production levels, the index offers a more immediate view of economic activity than the traditional quarterly GDP figures.
For policymakers, the ISP delivers a timely gauge of growth trends and helps assess the impact of reforms and fiscal measures. The data can inform decisions on interest rates, taxation, and investment incentives, ensuring that the government’s strategies are aligned with real‑time economic conditions.
The index is compiled from surveys of thousands of businesses across the country and is released on a monthly basis. Its publication marks a significant step toward greater transparency and data‑driven governance in India’s rapidly expanding services economy.
As the services sector continues to dominate India’s GDP, the ISP is expected to become an essential tool for monitoring economic health and guiding policy interventions.
The ISP aggregates data from a broad range of service industries—including finance, tourism, telecommunications and information technology—to provide a comprehensive snapshot of sectoral output. By capturing changes in production levels, the index offers a more immediate view of economic activity than the traditional quarterly GDP figures.
For policymakers, the ISP delivers a timely gauge of growth trends and helps assess the impact of reforms and fiscal measures. The data can inform decisions on interest rates, taxation, and investment incentives, ensuring that the government’s strategies are aligned with real‑time economic conditions.
The index is compiled from surveys of thousands of businesses across the country and is released on a monthly basis. Its publication marks a significant step toward greater transparency and data‑driven governance in India’s rapidly expanding services economy.
As the services sector continues to dominate India’s GDP, the ISP is expected to become an essential tool for monitoring economic health and guiding policy interventions.