India's services economy gets its own scorecard
Synopsis India is launching a new Index of Services Production (ISP) to track the services sector's growth, mirroring the Index of Industrial Production. This crucial
Synopsis India is launching a new Index of Services Production (ISP) to track the services sector's growth, mirroring the Index of Industrial Production. This crucial macroeconomic indicator, with 2024-25 as the base year, will be released monthly with a 60-day lag, starting with April 2026 data on July 14. The ISP aims to provide high-frequency insights into the dominant services sector's performance, complementing existing economic data.
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