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The Economic Times

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Indias new services speedometer flashes green across 17 sectors

Index of Services Production: In July, India's services sector experienced significant growth, with 17 of 19 sub-sectors reporting year-on-year increases. Administrative and support services demonstrated the highest growth rate at 20.9%, while retail trade followed closely at 18.5%. The newly introduced Index of Services Production provides timely insights into economic activity within this sector. Although many services grew, some areas like air transportation and repair services faced contractions.

29 Sep 2026 6:13 pm