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MoSPI to launch Index of Services Production using GST data with 2024 25 as base year
Economy
Published on 27 April 2026
A GST based service index could show the economy’s pulse daily
MoSPI has proposed an Index of Services Production (ISP) for India’s formal services sector, built using GST data and using 2024–25 as the base year. The high-frequency index will track major service segments including trade, transport, banking, insurance, hospitality, real estate, and professional services, and is meant to complement the existing Index of Industrial Production.
- MoSPI proposes a new Index of Services Production (ISP)
- GST data will be used and 2024–25 set as the base year
- Covers segments like trade, transport, banking, and hospitality
- Designed to complement the Index of Industrial Production
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times