New Delhi, July 29 -- Eight of the 19 industries tracked under India's trial Index of Services Production (ISP) posted double-digit growth in May, while another eight expanded from a year earlier, signalling broad-based strength in the formal services economy despite mixed signals from manufacturing and external trade, according to data released on Wednesday.

"As per the Index of Services Production (ISP), growth of the covered 19 services amounting to 60% of total services output was 9.8% in May 2026. This showed a slight deceleration from the growth of 20.8% in April 2026. The main services accounting for growth higher than 10% in this month are retail trade, accommodation and food, telecommunication, banking, and IT and computer relat...