GK and monthly revision

India to release first-ever monthly index tracking services sector output from July 14

India is set to launch its first-ever Index of Services Production (ISP) on July 14, 2026, which will track the output of the services sector, akin to the Index of Industrial Production. With 2024-25 as the base year, this monthly indicator will provide timely insights into the performance of the services sector, which is a significant contributor to the Indian economy. The initiative is crucial for policymakers and economists to gauge economic health and make informed decisions.