GS3PIB · Current Affairs
Release of Report of the Technical Advisory Committee on Compilation of the Index of Services Production (ISP) with Base Year 2024-25
Launch of the Index of Services Production Framework
SP
Samachar Pathshala Desk
Published 7 Jul 2026 · 1 min
Introduction
The Ministry of Statistics & Programme Implementation (MoSPI) has initiated the compilation of the Index of Services Production (ISP) as a crucial indicator for the services sector, which contributes over 50% to India's Gross Value Added (GVA).
Data Sources
The UPSC angle
GS3
Importance of ISP for Economic Monitoring
ISP will allow for real-time tracking of the services sector, vital for policy and economic decision-making.
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