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Index of Services Production: India’s New Measure

INDEX OF SERVICES PRODUCTION (ISP): INDIA’S NEW MEASURE OF SERVICES SECTOR Why in the News? Statistical Milestone: The Ministry of Statistics and Programme Implementation (MoSPI) released the trial and inaugural Index of Services Production (ISP), introducing India’s first high-frequency index to measure services sector performance. Strong Growth: In April 2026, 14 out of 19 service …

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