New Delhi, July 10 -- India is set to fill one of the biggest gaps in its economic statistics with the launch of the Index of Services Production (ISP), a monthly indicator that will track activity in the country's largest economic sector.

The ministry of statistics and programme implementation (MoSPI) will release the trial series on 14 July 2026, providing a high-frequency measure of output in the formal services sector.

The move comes as services contribute more than 53% of India's gross value added (GVA) and have become the principal driver of growth, investment and exports. Designed as the services sector counterpart of the index of industrial production (IIP), the ISP aims to provide policymakers, businesses and investors with a t...