MoSPI seeks comments on widening the Index of Services Production to about 78.4 per cent of services sector GVA
6 October 2026
The Ministry of Statistics and Programme Implementation has published an Approach Paper on expanding the scope and coverage of the Index of Services Production and invited comments from stakeholders.
MoSPI began a monthly compilation of the Index of Services Production for the formal sector on a trial basis in July 2026, with 2024-25 as the base year.
The initial framework tracks 19 broad service sub-sectors using high-frequency administrative data and data on outward supplies from GST, together accounting for about 60 per cent of services-sector Gross Value Added.
Core government tasks, non-market activities and GST-exempt services are excluded from the present framework.
The Approach Paper sets out methods to bring in three service areas left out so far: Education, Human Health and Residential Care, and Public Administration and Defence. Together these represent nearly 21 per cent of services GVA for 2024-25.
Adding them would take the monthly index's coverage to approximately 78.4 per cent of services-sector GVA and allow a unified all-encompassing index.
Comments and suggestions may be sent by 16 October 2026. The Ministry notes that the services sector drives more than half of the national Gross Value Added.
In plain words
ISP Index of Services Production — A monthly index that measures short-term movements in the output of the services sector.
GVA Gross Value Added — The value of output minus the value of intermediate inputs, used to measure the contribution of a sector.
Base year Base year — The reference year whose level is taken as 100 when an index is constructed.
Outward supplies Outward supplies under GST — Sales reported by a business in its goods and services tax returns.