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Sign in to searchIndia Releases First Index of Services Production (ISP)
Context: The Ministry of Statistics and Programme Implementation (MoSPI) has launched India's first Index of Services Production (ISP) to provide a monthly assessment of economic activity in the formal services sector. The ISP fills a long-standing statistical gap by offering a reliable measure of the real output of services, similar to the Index of Industrial Production (IIP) for manufacturing.
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India launches Index of Services Production (ISP) to measure monthly service sector output. A key macroeconomic indicator filling a critical statistical gap in India's service-driven economy.
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