Govt releases maiden services index; 14 sub-sectors record double-digit growth in April

Posted on July 14, 2026
By Business News Today
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In brief

India's inaugural Index of Services Production demonstrates robust economic momentum, with fourteen out of nineteen formal services sectors achieving double-digit growth rates in April 2026. The wholesale and retail trade segments, alongside accommodation services, emerge as primary growth drivers. However, air and railway transport sectors face headwinds. This newly implemented monthly tracking mechanism offers policymakers and economists essential insights into the services-driven economy's performance and structural dynamics.

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Govt releases maiden services index; 14 sub-sectors record double-digit growth in April

India's new Index of Services Production reveals strong growth in April 2026. Fourteen of nineteen formal services sub-sectors achieved double-digit expansion. Wholesale trade, retail, and accommodation led this impressive economic performance. Air and railway transport experienced declines, while other sectors showed positive annual growth. This index provides crucial monthly data on India's formal services sector.