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The Economic Times

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Service output index to debut next month with FY25 base

India is set to launch the Index of Service Production (ISP) next month, a crucial new monthly indicator mirroring the Industrial Production Index. This initiative aims to precisely track the growth of the vital services sector, which forms the backbone of the Indian economy. The index will initially cover key areas like trade, transport, and finance, with health and education to be included later.

24 Jun 2026 6:01 pm