MoSPI to launch monthly Index of Service Production using GSTN data, covering retail and food services
India's statistics ministry proposes a high-frequency services output gauge built on GST and administrative data, with 2024-25 as base year. Wholesale/retail trade, accommodation and food services are in scope—giving retailers and policymakers their first official monthly read on services activity alongside IIP and CPI.
MoSPI proposes a monthly Index of Service Production using GSTN and administrative data, covering wholesale/retail trade, accommodation, food services, telecom and real estate—giving India its first high-frequency official services output gauge alongside IIP and CPI.