Pariksha SaathiMoSPI releases the Sub-Sectoral Trial Index of Services Production (ISP) for August 2026 for 19 sub-sectors, with base year 2024-25
The Ministry of Statistics and Programme Implementation (MoSPI) on 29 October 2026 released the Index of Services Production (ISP) for August 2026 for 19 sub-sectors, with base year 2024-25. The monthly ISPs are being published on an experimental basis, as a trial series: MoSPI says the publication of the trial series will enable it to examine data quality, test the series' resilience and receive feedback from stakeholders and users. In August 2026 over August 2025, Retail Trade grew 19.9%, Repair Services and Real Estate 17.6% each, Insurance 16.5%, Banking 14.9%, Wholesale Trade 10.2% and Railway Transport 3.7%, while Air Transport (-9.6%) and Arts, Entertainment and Recreation Services (-4.7%) recorded negative growth. The indices of the Railways, Banking and Insurance sub-sectors are based on provisional monthly data and will be revised annually. The release also gives month-wise trial indices for the 19 sub-sectors from August 2025, and the ISP data are available on MoSPI's eSankhyiki portal.
Drafted with AI assistance from the official PIB release linked above and checked against it by a second AI pass. Not line-edited by a human.
Learning context
MoSPI brought out its first release of the trial ISP on 14 July 2026, for 19 sub-sectors for April 2026 with base year 2024-25, and said subsequent ISPs would be released on the 29th of every month. The 19 sub-sectors cover about 60% of the services sector, which accounts for more than half of the country's economic activity, and MoSPI said the sub-sectoral ISPs would provide, for the first time, a monthly measure of short-term movements in India's formal services sector; an overall ISP will be brought out later, after studying the stability and resilience of the sub-sectoral ISPs and improving overall coverage. A Technical Advisory Committee on ISP (TAC-ISP), constituted in May 2025, provided the conceptual and methodological guidance, and its report was released on 7 July 2026. Because its data sources are GST and administrative data, the ISP covers formal sector enterprises only; services related to core government activities or dominated by non-market activities and the informal sector are not covered. Administrative or secondary data are used for Air Transport, Railway Transport, Water Transport (Freight), Banking and Insurance, GST data for the rest (including Water Transport (Passenger)), and the Annual Survey of Incorporated Services Sector Enterprises (ASISSE) for weights; WPI is used as the deflator for wholesale trade and CPI-based deflators for most other sub-sectors, while Railway Transport, Air Transport and Water Transport (Freight) need none.
Check yourself: on which day of each month are the trial ISPs released, and about what share of the services sector do the 19 sub-sectors cover?
The 29th; about 60%.
Revision task: from this release, note the month covered, the number of sub-sectors and the base year, why the indices are a trial series, the growth figures of the sub-sectors named above and the two with negative growth, and which sub-sectors' indices are provisional; from the note, the date and month of the first release, the release day each month, the coverage of the services sector, the committee that guided the index and the data sources.
Test yourself
What is the base year of the Sub-Sectoral Trial Index of Services Production (ISP) that MoSPI released for August 2026?
Show the answer
Answer: 2024-25
MoSPI released the Index of Services Production for August 2026 for 19 sub-sectors with base year 2024-25. The monthly ISPs are being published on an experimental basis, as a trial series that will enable MoSPI to examine data quality, test its resilience and receive feedback from stakeholders and users; the indices of the Railways, Banking and Insurance sub-sectors are based on provisional monthly data and will be revised annually.
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