- Monthly services index to cover about 80 per cent of services-sector GVA
- Education, Human Health & Residential Care, and Public Administration & Defence to be added
- The three sectors make up nearly 21 per cent of services GVA for 2024–25
- Current framework covers 19 sub-sectors, about 60 per cent of services GVA
- Comments from stakeholders sought by 16 October 2026
The Ministry of Statistics and Programme Implementation (MoSPI) plans to widen its services index to cover about 80 per cent of services-sector GVA, adding three sectors.
Current coverage
Services drive more than half of India’s Gross Value Added (GVA). MoSPI began a monthly Index of Services Production (ISP) for the formal sector on a trial basis in July 2026, with 2024–25 as the base year.
The current framework tracks 19 broad sub-sectors. It relies on high-frequency administrative data and GST outward supply data, and covers about 60 per cent of services GVA.
Core government functions, non-market activities and GST-exempt services are not covered yet.
Three sectors to be added
MoSPI has published an approach paper that sets out methods to bring in three sectors that were left out earlier: Education, Human Health & Residential Care, and Public Administration & Defence.
Together, these sectors account for nearly 21 per cent of services GVA for 2024–25. Adding them would lift the monthly ISP’s coverage to about 80 per cent.
The expanded framework would combine the sub-sector indices into one all-encompassing Index of Services Production. It would show short-term movements in the services sector.
Comments sought
MoSPI has invited views on the proposed methodology from experts, academics, central ministries and departments, state governments, financial institutions and other stakeholders.
The approach paper is available on the MoSPI website. Comments are due by 16 October 2026.
