India, July 7 -- The Government of India has issued a release:
The services sector is the most dynamic and rapidly expanding segment of the Indian economy. It contributes nearly 53 percent of India's Gross Value Added (GVA), generates substantial employment and has emerged as a key driver of economic growth, investment and exports.
The proposed 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. ISP will complement IIP and provide, for the first time, a comprehensive monthly measure of short-term movements in India's formal sector of the economy.
Data Sources
The availability of GST da...