Why in the News?
MoSPI released the Index of Services Production (ISP) for July 2026, covering 19 sub-sectors, with 2024-25 as the base year.
Key Highlights
- Released by: Ministry of Statistics & Programme Implementation (MoSPI).
- Index: Index of Services Production (ISP).
- Reference month: July 2026.
- Base year: 2024-25.
- Covers 19 service sub-sectors.
- Highest growth in July 2026:
- Administrative and support services: 20.9%
- Retail Trade: 18.5%
- Real Estate: 14.4%
- Accommodation and food: 12.6%
- Banking: 12.3%
- Lowest growth:
- Air Transport: -8.4%
- Repair Services: -5.0%
- Arts, Entertainment and Recreation Services: 1.7%.
Index of Services Production (ISP)
- ISP measures production trends across 19 sub-sectors of services.
- July 2026 indices include:
- Wholesale Trade: 126.8
- Retail Trade: 140.0
- Accommodation and food: 144.0
- Road Transport: 132.1
- Telecommunications: 121.4
- Banking: 121.9
- Real Estate: 121.2.
Trial Series and Data Status
- Monthly ISPs are being published on an experimental basis.
- The trial series aims to:
- Examine data quality.
- Test resilience of the data.
- Obtain feedback from stakeholders and users.
- Indices for Railways, Banking and Insurance are based on provisional monthly data.
- These three indices will undergo annual revision.
Prelims Quick Revision
- ISP July 2026: Released by MoSPI.
- Base year: 2024-25.
- Covers 19 service sub-sectors.
- Highest July 2026 growth: Administrative and support services – 20.9%.
- Retail Trade growth: 18.5%.
- Air Transport growth: -8.4%.
- ISP is currently published on an experimental/trial basis.
- Railways, Banking and Insurance data are provisional and subject to annual revision.
UPSC Prelims Trap
- ISP is not an index of only transport services; it covers 19 broad service sub-sectors.
- 2024-25 is the base year, not 2011-12.
- Air Transport recorded negative growth of 8.4%, while Road Transport grew by 9.9%.
- Railways, Banking and Insurance are specifically based on provisional monthly data and are subject to annual revision.
