India's first Services Production index shows retail trade up 30.8% y-o-y, food and accommodation lead at 37.2%
MOSPI's inaugural Index of Services Production reveals broad-based consumer-services momentum, with 14 of 19 sub-sectors posting double-digit growth in April 2026. Retail trade climbed 30.8% y-o-y, while accommodation and food services led all sectors at 37.2%, signaling strong demand for India's retail operators.
India's first Index of Services Production shows retail trade growing 30.8% y-o-y in April 2026, with accommodation and food leading at 37.2%, signaling broad-based consumer-services momentum relevant to Indian retail operators.
Why this matters
MOSPI's debut Index of Services Production gives retail operators their first official read on services momentum, with consumer-facing sectors like retail trade and food and accommodation posting the strongest gains.
Footfall theme steady with 363 signals over the past 90 days.