MoSPI is launching India’s first monthly Index of Services Production (ISP) with a 2024-25 base year to track formal services output. Using GST data and administrative records, the ISP complements the IIP to strengthen real-time economic monitoring and policymaking.
Click to View MoreThe government revised the Index of Industrial Production (IIP) base year to 2022-23, adding sectors like water and waste management. Driven by manufacturing and capital goods, industrial output recorded a 4.9% growth in April 2026 under this new series.
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