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

UPI, government salaries may be used to measure growth in health, education services

Currently being released by the statistics ministry on a trial basis, the Index of Services Production is the services sector counterpart to the Index of Industrial Production, which is a key gauge of industrial activity in the country.

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.

UPI payments could soon offer a monthly window into India’s classrooms and hospitals

MoSPI has proposed using UPI merchant-category transaction data as a high-frequency indicator of private education and healthcare activity to expand the coverage of its Index of Services Production.

MoSPI Seeks Wider Coverage of Services Sector to Strengthen Economic Data

New Delhi, Oct 7: The Ministry of Statistics and Programme Implementation (MoSPI) has proposed expanding the Index of Services Production (ISP) to provide a more complete picture of activity across India’s services sector. The ministry [...]

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