India, June 24 -- The Government of India has issued a release:
The Ministry of Statistics and Programme Implementation (MoSPI) is preparing to launch Index of Services Production (ISP) in July, 2026, which shall be a new macro indicator to measure the short-term changes in the growth of the services sector. As counterpart of the IIP which measures the economic growth of the industrial sector, ISP will cover the formal services sector and will be released on a monthly basis.
To assist MoSPI in the finalization of the conceptual & methodological framework for compiling ISP, a Technical Advisory Committee (TAC) on compilation of ISP, was constituted in May, 2025, under the chairpersonship of Ms. Debjani Ghosh, distinguished fellow, NITI Aay...