Index of Services Production: MoSPI’s Trial Services Output Gauge
Why in the news
The statistics ministry introduced a monthly gauge for the services sector, with a trial index for April 2026.
Key facts
- Body: NSO under MoSPI.
- Base year: 2024-25; release on the 29th of each month.
- Coverage: 19 formal service sub-sectors, around 60% of the services economy.
Method
- Tracks volume of services, not just transaction value.
- Inputs: GST data, administrative records and ASISSE (Annual Survey of Incorporated Services Sector Enterprises).
- Turnover is inflation-adjusted with WPI for wholesale trade and CPI or proxies for other services; PPIs may follow.
Exam angle
- Compiler: NSO under MoSPI.
- Related terms: IIP, ASISSE, WPI, CPI, PPI.