India to Widen Services Production Index to Include Education, Health and Defence

India to widen services production index to include education, health and defence

The statistics ministry plans to expand the monthly Index of Services Production to cover education, healthcare, public administration and defence, raising its coverage to 78.4% of services GVA from about 60%. The proposed framework could use UPI transaction data to track private education and healthcare activity and government expenditure data for public services.

Govt looks to widen coverage of Index of Services Production, invites feedback

MoSPI began compiling the ISP on a monthly basis for the formal services sector on a trial basis in July 2026. The exercise uses 2024-25 as the base year and was designed to provide a higher-frequency measure of services-sector performance.

MOSPI floats paper on expanding coverage of Index of Services Production

New Delhi, Oct 6 (SocialNews.XYZ) The Ministry of Statistics and Programme Implementation (MOSPI) said on Tuesday that it plans to expand the scope of the newly launched Index of Services Production (ISP). The ministry has... - Social News XYZ