Index of Services Production July 2026: 17 of 19 sub-sectors grow
Why in the news
The National Statistics Office (NSO) of MoSPI released the Index of Services Production (ISP) for July 2026 on 30 September 2026, showing broad-based growth across service activities.
Key facts
- Base year: 2024-25.
- Coverage: 19 sub-sectors, of which 17 recorded growth and 10 grew in double digits.
- Status: still a trial release published on an experimental basis.
- No single headline growth rate for the whole index was given for July.
- The air transport index fell to its lowest level in the 13 months of data available.
Sub-sector growth, July 2026
| Sub-sector | Growth |
|---|---|
| Administrative and support services | 20.9% |
| Retail trade | 18.5% |
| Real estate | 14.4% |
| Accommodation and food | 12.6% |
| Banking | 12.3% |
| Repair services | -5.0% |
| Air transport | -8.4% |
About the Index of Services Production
MoSPI launched the ISP as a new monthly indicator on 14 July 2026. It is meant to give timely signals on short-term trends in services, which make up more than half of India’s GDP, and to sit alongside the Index of Industrial Production (IIP). It is released with a lag of roughly 60 days. Sub-sectors include trade, transport, banking and insurance, telecom, hotels and restaurants, real estate and professional services; health and education are to be added later.
Exam angle
- Released by NSO, MoSPI; base year 2024-25; 19 sub-sectors.
- Top grower in July 2026: administrative and support services (20.9%).
- Declines: air transport and repair services.
- ISP complements the IIP, which covers industry.