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Economy News

The Economic Times

Economy / The Economic Times

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What is the Index of Services Production and which sectors does it cover?

India's Ministry of Statistics and Programme Implementation has launched a new monthly services production index. This experimental index, with 2024-25 as its base year, covers 19 formal services sub-sectors. The first release for April 2026 shows broad-based growth across most services categories. This new indicator aims to complement the industrial production index for better economic monitoring. The trial series will help assess data quality and methodology before finalization.

14 Jul 2026 5:16 pm