Index of Services Production shows broad-based growth, 16 of 19 sub-sectors expand
New Delhi, July 29 -- India's services sector witnessed broad-based expansion in May 2026, with 16 of the 19 sub-sectors covered under the Index of Services Production (ISP) recording positive year-on-year growth, according to the data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Wednesday.
The ministry also said eight of the 19 sub-sectors registered double-digit growth during the month compared with May 2025, indicating widespread strength across key segments of the services economy. The Index of Services Production is being released on an experimental basis with 2024-25 as the base year.
It stated, "8 out of the 19 sub-sectors recorded double-digit growth in May, 2026 as compared to May, 2025. 16 out...
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