New Delhi, Jul 29: The government on Wednesday released the second sub-sectoral trial Index of Services Production, which showed eight out of the 19 sub-sectors of formal services recorded double-digit growth in May 2026.
The Ministry of Statistics & Programme Implementation (MoSPI) released the Index of Services Production (ISP) for May 2026 on 19 sub-sectors, with base year 2024-25.
Except for air transport, post & courier and information and broadcasting, all the categories recorded positive growth in May 2026 on an annual basis, according to the trial ISP with a base year of 2024-25, a statement by the statistics ministry said.
According to the statement, 16 out of the 19 sub-sectors recorded positive growth in May 2026.
Air transport declined by 2.8 per cent, post and courier slipped by one per cent, and Information and Broadcasting contracted by 7.6 per cent in May.
The top sub-sectors reporting strong growth in May 2026 were Accommodation and Food (27.4 per cent), Real Estate (17.7 per cent), Retail Trade (13.3 per cent), Banking (12.1 per cent), and Telecommunications (11.8 per cent), according to the index.
The maiden sub-sectors trial ISP for April 2026 was released on July 14, 2026.
The monthly ISPs are being published on an experimental basis, the ministry said.
The publication of Trial Series would enable MoSPI to examine data quality, test its resilience and also receive feedback from stakeholders and users, it stated.
Indices of Railways, Banking and Insurance sub–sectors are based on provisional monthly data and would undergo revision on an annual basis, it added. (PTI)
