A very positive piece of news has come out of the service sector for the Indian economy. The country’s new economic gauge ‘Index of Service Production (ISP)’ has signaled strong growth to economists and market experts. According to the latest data, all the 17 key sectors included in this index have registered a green signal (strong growth). This growth recorded in all major sectors including trade, transport, financial services and communication clearly shows that domestic demand and business activities are improving rapidly, which will give a new impetus to the country’s GDP growth in the near future. Let us also tell you what kind of statistics have been seen.

Positive growth in 17 sub-sectors

According to Index of Service Production (ISP) data released on Tuesday, 10 out of 19 service sub-sectors registered double-digit growth in July. According to a statement issued by the Ministry of Statistics and Program Implementation (MOSPI), the ISP data released on a pilot basis showed that 17 sub-sectors registered positive growth in July. All categories except repair services and air transport registered positive growth in July year-on-year, the ministry said. During this period, air transport declined by 8.4 percent, while repair services recorded a five percent decline.

Some such observed statistics

MOSPI has released ISP data for July, 2026 for 19 sub-sectors considering 2024-25 as base year. The major sub-sectors that recorded the strongest growth in July 2026 included administrative and support services (20.9 percent), retail trade (18.5 percent), real estate (14.4 percent), accommodation and food services (12.6 percent) and banking (12.3 percent). 10 out of 19 sub-sectors registered double digit growth in July 2026 as compared to July 2025, the ministry said. A total of 17 sub-sectors out of 19 registered positive growth. The first experimental ISP of the sub-regions was released on July 14, 2026, for April, 2026. The ministry said that these monthly ISP figures are currently being published on a pilot basis.