India, July 14 -- As part of the suite of macro - economic indicators, the Ministry of Statistics & Programme Implementation (MoSPI) is commencing release of the ISPs of 19 sub - sectors, with base year 2024 -25. The first set of ISPs is being released for the month of April, 2026. The ISP represents an important milestone in strengthening India's statistical system and improving the measurement of the services sector, which accounts for more than half of the country's economic activity. The release of sub - sectoral ISPs will provide, for the first time, a monthly measure of short-term movements in India's formal services sector, with a coverage of about 60%.
The Technical Advisory Committee on Index of Services Production (TAC-ISP) Const...