The Economic Times

Govt releases maiden services index; 14 sub-sectors record double-digit growth in April

India's new Index of Services Production reveals strong growth in April 2026. Fourteen of nineteen formal services sub-sectors achieved double-digit expansion. Wholesale trade, retail, and accommodation led this impressive economic performance. Air and railway transport experienced declines, while other sectors showed positive annual growth. This index provides crucial monthly data on India's formal services sector.