First Release of sub – sectoral Trial Index of Services Production (ISP) (Base Year 2024 -25)

Ministry of Statistics & Programme Implementation First Release of sub – sectoral Trial Index of Services Production (ISP) (Base Year 2024 -25) प्रव तथ: 14 JUL 2026 4:00PM by PIB Delhi MoSPI brings out its first release of ISP for 19 sub – sectors for April 2026.

Subsequent ISP will be released on 29th of every month.

These 19 sub – sectors cover about 60% of the services sector.

Overall ISP will be brought out later after studying stability and resilience of sub-sectoral ISPs and improved overall coverage of services.

As part of the suite of macro – economic indicators, the Ministry of Statistics & Programme Implementation (MoSPI) is commencing release of the ISPs of 19 sub – sectors, with base year 2024 -25.

The first set of ISPs is being released for the month of April, 2026. The ISP represents an important milestone in strengthening India's statistical system and improving the measurement of the services sector, which accounts for more than half of the country's economic activity. The release of sub – sectoral ISPs will provide, for the first time, a monthly measure of short-term movements in India's formal services sector, with a coverage of about 60%.

The Technical Advisory Committee on Index of Services Production (TAC-ISP) Constituted in May 2025

provided the conceptual & methodological guidance on compiling ISP. Apart from representatives from academia and the Industry associations, membership of the TAC – ISP included representatives from the concerned Ministries / Departments dealing with the respective services sectors. The Report of TAC -ISP was released on 7th July, 2026, and is in the public domain at:

https://www.mospi.gov.in/uploads/publications_reports/publications_reports1783419546476_3d453f5e-f7 cd-488e-9e72-1bc575b2f236_Report_TAC_ISP.pdf Key Highlights 14 out of the 19 sub – sectors recorded double-digit growth in April, 2026 as compared to April,

2025.

Nearly all the categories recorded positive growth in April, 2026.

Top Sub – Sectors reporting strong growth in the April, 2026 growth are Accommodation and Food (37.2%), Retail Trade (30.8%), Administrative & support services (28.7%) and Real Estate (27.7%).

Sub – Sector wise trends in ISPs in April, 2026 over April, 2025 are given below:S. No. Broad Sub -Sector ISP April, ISP April, Growth in April, 2025 2026 2026 over April, 2025 1 Wholesale Trade 104.0 119.87 15.3% 2 Retail Trade 105.1 137.50 30.8% 3 Repair Services 100.6 119.93 19.2% 4 Accommodation and food 100.7 138.14 37.2% 5 Railway Transport 100.0 99.59 -0.4% 6 Road Transport 93.1 110.34 18.5% 7 Water Transport 99.2 104.87 5.7% 8 Air Transport 104.5 89.90 -13.9% 9 Warehousing and support 95.6 112.97 18.2% activities for transportation 10 Postal and Courier 96.1 99.25 3.3% 11 Telecommunications 96.9 118.94 22.8% 12 Information and Broadcasting 111.2 113.95 2.5% 13 Banking 106.9 119.88 12.2% 14 Insurance 95.9 110.88 15.6% 15 Real Estate 93.8 119.76 27.7% 16 IT and computer related 97.4 112.16 15.2% services 17 Professional, scientific & 91.2 106.26 16.5% technical services including R & D 18 Administrative and support 93.6 120.37 28.7% servicesS. No. Broad Sub -Sector ISP April, ISP April, Growth in April, 2025 2026 2026 over April, 2025 19 Arts, Entertainment and 109.6 127.53 16.4% Recreation Services Monthly and Annual Sub – Sectoral Trial ISPs for 2025 -26 are given at Annexure 1.

Monthly and Annual growth rates of Sub – Sectoral Trial ISPs for 2025 -26 over 2024 -25 are given at Annexure 2.

Salient Features of ISP Base Year and Scope & Coverage The base year of trial ISPs is 2024 -25. The National Industrial Classification (NIC), 2025, provides a comprehensive and contemporary classification for all economic activities undertaken in India’s economy.

The sectors covered under Sections G to Section V of NIC, 2025, form part of scope of Services Sector.

Based on its data sources, namely, GST and Administrative Data, ISP would cover the formal sector enterprises only. Accordingly, services which are not covered in ISP are those which are either related to core government activities or are dominated by non-market activities and the informal sector.

Data Sources The ISP adopts a differentiated approach to compilation of sub-sectoral ISPs based on the nature and availability of data sources. The three principal data sources are:

Administrative/secondary data for ISP of Air Transport, Railway Transport, Water Transport (Freight), Banking and Insurance;

GST data for Wholesale Trade, Retail Trade, Repair and Maintenance, Accommodation & Food, Road Transport, Water Transport (Passenger), Warehousing & support activities for transportation, Postal & courier, Telecommunications, Information & Broadcasting, Real estate, IT & computer related services, Professional, scientific & technical services including R & D, Administrative & support services and Arts, Entertainment & Recreation;

Annual Survey of Incorporated Services Sector Enterprises (ASISSE) data for providing weights at 2/3- digit level of NIC.

Deflators At present, for compiling ISP, WPI is used as a deflator for wholesale trade and for other sub-sectors, either sub-sector specific CPI has been used or suitable proxy CPI (closest match for the sub-sector available) has been chosen. CPI – General has been used as a deflator for the sectors of Repair & Maintenance, Banking and Insurance. The sectors where such mapping is not available, CPI-Services has been used as a deflator. The list of sub-sector wise deflators is given as Annexure 3.

Notes:

1. The monthly ISPs are being published on an experimental basis. The publication of Trial Series would enable MoSPI to examine data quality, test its resilience and also receive feedback of stakeholders and users.

2. The Indices of Railways, Banking and Insurance sub – sectors, are based on provisional monthly data and would undergo revision on an annual basis.

3. This Press Release is also available at the Ministry’s Website -http://www.mospi.gov.in.4. The Data of ISP is also available at https://esankhyiki.mospi.gov.in Annexure 1 Monthly and Annual Sub – Sectoral Trial ISPs for 2025 -26 S. Broad Sub -Sector April May June July August September October Novem No.

1 Wholesale Trade 104.0 113.8 106.6 113.1 111.5 133.9 136.7 117 2 Retail Trade 105.1 121.9 117.0 118.2 116.1 133.8 153.1 122 3 Repair Services 100.6 111.5 111.7 133.0 111.2 125.1 140.0 114 4 Accommodation 100.7 116.9 128.2 127.9 129.9 124.7 136.7 148 and food 5 Railway Transport 100.0 103.8 102.1 98.7 101.9 97.5 99.6 100 6 Road Transport 93.1 120.6 119.9 120.3 117.4 130.5 115.4 116 7 Water Transport 99.2 104.7 101.4 99.9 99.7 98.9 102.0 108 8 Air Transport 104.5 102.8 97.1 95.9 98.7 95.4 105.0 113 9 Warehousing and 95.6 112.0 114.8 116.4 114.1 120.5 119.0 117 support activities for transportation 10 Postal and Courier 96.1 99.0 98.4 98.8 101.0 96.4 99.4 88 11 Telecommunications 96.9 102.7 107.9 109.4 108.0 110.4 112.0 109 12 Information and 111.2 109.2 119.6 109.8 91.9 105.2 107.4 86 Broadcasting 13 Banking 106.9 107.2 108.9 108.6 108.8 112.0 110.8 111 14 Insurance 95.9 88.7 107.1 114.0 92.6 118.0 105.6 96 15 Real Estate 93.8 96.2 95.4 106.0 98.0 110.4 105.4 102 16 IT and computer 97.4 99.0 115.3 107.6 102.3 121.4 109.7 107 related servicesS. Broad Sub -Sector April May June July August September October Novem No.

17 Professional, 91.2 100.6 112.5 105.3 98.8 116.5 111.7 108 scientific & technical services including R & D 18 Administrative and 93.6 101.2 106.4 111.3 105.0 120.4 115.2 104 support services 19 Arts, Entertainment 109.6 138.4 112.4 105.3 117.2 98.5 120.1 98 and Recreation Services ***** Annexure 2 Monthly and Annual Growth of Sub – Sectoral Trial ISPs for 2025 -26 S. Broad Sub -Sector April May June July August September October N No.

1 Wholesale Trade 4.0% 13.8% 6.6% 13.1% 11.5% 33.9% 36.7% 2 Retail Trade 5.1% 21.9% 17.0% 18.2% 16.1% 33.8% 53.1% 3 Repair Services 0.6% 11.5% 11.7% 33.0% 11.2% 25.1% 40.0% 4 Accommodation 0.7% 16.9% 28.1% 27.9% 29.9% 24.7% 36.7% and food 5 Railway Transport 0.0% 3.8% 2.1% -1.3% 1.9% -2.6% -0.4% 6 Road Transport -6.9% 20.6% 19.9% 20.3% 17.4% 30.5% 15.4% 7 Water Transport -0.8% 4.7% 1.4% -0.1% -0.3% -1.1% 2.0% 8 Air Transport 4.5% 2.8% -3.0% -4.1% -1.3% -4.6% 5.0%9 Warehousing and -4.4% 12.0% 14.8% 16.4% 14.1% 20.5% 19.0% support activities for transportation 10 Postal and Courier -4.0% -1.0% -1.6% -1.2% 0.9% -3.6% -0.6% 11 Telecommunications -3.1% 2.7% 7.9% 9.4% 8.0% 10.4% 12.0% 12 Information and 11.2% 9.2% 19.6% 9.8% -8.1% 5.2% 7.4% Broadcasting 13 Banking 6.9% 7.2% 8.9% 8.6% 8.8% 12.0% 10.8% 14 Insurance -4.1% -11.3% 7.1% 14.0% -7.4% 18.0% 5.6% 15 Real Estate -6.2% -3.8% -4.6% 6.0% -2.0% 10.4% 5.4% 16 IT and computer -2.6% -1.0% 15.3% 7.6% 2.3% 21.4% 9.7% related services 17 Professional, -8.8% 0.6% 12.5% 5.3% -1.3% 16.5% 11.7% scientific & technical services including R & D 18 Administrative and -6.4% 1.2% 6.4% 11.3% 5.0% 20.4% 15.2% support services 19 Arts, Entertainment 9.6% 38.4% 12.4% 5.3% 17.2% -1.5% 20.1% and Recreation Services ***** Annexure 3 Deflators Sr. No. Broad Sectors Deflator Used 1 Wholesale Trade WPI 2 Retail Trade* CPI - RetailSr. No. Broad Sectors Deflator Used 3 Repair & Maintenance Services CPI - General 4 Accommodation and food service activities CPI - Restaurants and accommodation services 5 Railway Transport Not Required 6 Road Transport CPI - Passenger transport by road 7 Water Transport-Passenger CPI - Passenger transport by sea and inland waterway Water Transport- Freight Not Required 8 Air Transport Not Required 9 Warehousing and support activities for CPI - Transport transportation 10 Postal & Courier Services CPI - Postage Courier and Money

Order 11 Telecommunication CPI - Information & Communication 12 Information and Broadcasting* CPI - Information and Broadcasting 13 Banking CPI - General 14 Insurance CPI - General 15 Real Estate Activities CPI - Actual Rental Payments made for housing (Urban) 16 IT and computer related services* CPI - Services 17 Professional, scientific & technical services CPI - Services including R & D* 18 Administrative and support services* CPI - Services 19 Arts, Entertainment and Recreation Services CPI - Recreation, sport and culture

Note:*Retail, Information & Broadcasting and Services CPI have been worked out based upon related items in the CPI item basket. ******* Samrat/Pranab/Sagar (रलीज़ आईडी: 2284450) आगंतुक पटल : 1253 इस वज्ञ को इन भाषाओ ंम पढ़: Urdu , ही