Index of Services Production (ISP)
Economy ยท Thursday, 25 June 2026
The Ministry of Statistics is set to launch the Index of Services Production to track service sector changes.
Quick highlights
- ISP to track short-term changes in the service sector.
- A counterpart to the Index of Industrial Production.
- Will aid in economic forecasting and policy decisions.
- Scheduled for launch in July 2026.
Context
The ISP is being prepared by MoSPI to monitor service sector performance.
Key Facts
ISP will be released monthly with a 60-day lag.
Significance
Essential for understanding economic trends.
Challenges / Way Forward
Need for accurate data sourcing and reporting.
Exam Angle
Relevant for UPSC Economy topics.
Remember this
- ISP tracks service sector output.
- Monthly release cycle planned.
- Counterpart to IIP for industrial sector.
- Aids in economic policy formulation.