The Ministry of Statistics and Programme Implementation (MoSPI) has launched India's first trial Index of Services Production (ISP) for April 2026. This high-frequency monthly indicator serves as the services-sector counterpart to the Index of Industrial Production (IIP).
The trial series uses 2024-25 as the base year and is structured according to the National Industrial Classification (NIC), 2025. The ISP covers 19 service sub-sectors, with updates scheduled to be released on the 29th of every month.