Introduction of the First Index of Services Production (ISP) and its Impact on Indian Macroeconomic Governance
Introduction The Ministry of Statistics and Programme Implementation (MOSPI), Government of India, announced the operational deployment of the Index of Services Production (ISP). Positioned as a direct macroeconomic counterpart to the legacy Index of Industrial Production (IIP), the first-ever monthly ISP—compiled with the baseline year of 2024-25—will be officially released on July 14, 2026, measuring…