New monthly Services Production Index shows retail trade up 30.8%, food & accommodation up 37.2%
Government launched a monthly Index of Services Production for a timelier read on consumer-facing sectors. April data shows retail trade growing 30.8% and accommodation/food services 37.2%, with 14 of 19 sub-sectors posting double-digit growth. Air transport lagged at -13.9%.
Government launched a new monthly Index of Services Production; April data shows retail trade up 30.8% and accommodation/food up 37.2%, offering a timelier read on consumer-facing sectors relevant to Indian retail operators.
Why this matters
A new monthly Services Production Index gives a faster read on consumer-facing sectors than prior quarterly data, with April showing broad double-digit growth across retail, food, and accommodation.
Footfall theme steady with 364 signals over the past 90 days.