Overview of the Index of Services Production
The Ministry of Statistics and Programme Implementation (MoSPI), through the National Statistics Office (NSO), has released the Sub-Sectoral Trial Index of Services Production (ISP) for July 2026. Published on 29th September 2026, this experimental series uses a base year of 2024–25. The publication evaluates 19 distinct service sub-sectors to monitor economic trends, assess data quality, test resilience, and gather feedback from stakeholders and users.
Key Growth Highlights for July 2026
During July 2026, 17 out of the 19 sub-sectors registered positive growth compared to July 2025. Notably, 10 sub-sectors recorded double-digit growth. The leading sub-sectors showing strong performance include Administrative and Support Services at 20.9%, Retail Trade at 18.5%, Real Estate at 14.4%, Accommodation and Food at 12.6%, and Banking at 12.3%. Conversely, sectors such as Repair Services and Air Transport experienced negative growth rates of -5.0% and -8.4% respectively.
Sub-Sector Performance Details
The release outlines specific Index of Services Production (ISP) numbers and growth rates for various sectors. For instance, Wholesale Trade stands at an ISP of 126.8 with 12.1% growth, while Retail Trade reached an ISP of 140.0. Transport sectors showed mixed trends, with Railway Transport at 106.1, Road Transport at 132.1, and Water Transport at 107.5. Financial and professional services also demonstrated steady activity, with Banking at 121.9, Insurance at 124.1, and Real Estate at 121.2.
Important Notes for Stakeholders
These monthly ISPs are published on an experimental basis to help MoSPI examine data quality and receive valuable feedback. Furthermore, indices for Railways, Banking, and Insurance sub-sectors are based on provisional monthly data and are subject to annual revision. Interested users can view the complete month-wise indices from July 2025 onwards via the official MoSPI website or the e-Sankhyiki portal.
Important Dates
| Label | Date |
|---|---|
| Release Date | 29th September, 2026 |
Frequently Asked Questions
What is the base year for the Sub-Sectoral Trial Index of Services Production (ISP) for July 2026?
The base year for the ISP for July 2026 is 2024–25.
How many sub-sectors recorded double-digit growth in July 2026?
10 out of the 19 sub-sectors recorded double-digit growth in July 2026 compared to July 2025.
Which sub-sector reported the strongest growth in July 2026 according to MoSPI?
Administrative and Support Services reported the strongest growth at 20.9%.
Are the monthly ISPs published as a final or trial series?
The monthly ISPs are being published on an experimental trial basis to examine data quality and test resilience.
Where can users access the full data of the ISP released by MoSPI?
The data is available on the Ministry's website at http://www.mospi.gov.in and at https://esankhyiki.mospi.gov.in.
Official Links
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