The Ministry of Statistics and Programme Implementation (MoSPI) has released the trial Index of Services Production (ISP) of India, which provides a monthly measure of short-term activity in the formal services sector for the first time.
The ISP covers 19 sub-sectors and uses 2024-25 as the base year for its calculations. It is to be noted that Real Estate has emerged as the fastest-growing services sub-sector, recording a Year-on-Year growth of 24.7%.