Why does India need an Index of Services Production? | Explained

As a panacea to the inherent limitations of the present structure, which is dependent mainly on quarterly GDP estimates and indirect indicators, the MoSPI finalised the services index, compiled using outward supply of enterprises registered under goods and services tax (GST); but can potentially leverage digital data in the future

Jul 11, 2026 - 08:30
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Why does India need an Index of Services Production? | Explained
As a panacea to the inherent limitations of the present structure, which is dependent mainly on quarterly GDP estimates and indirect indicators, the MoSPI finalised the services index, compiled using outward supply of enterprises registered under goods and services tax (GST); but can potentially leverage digital data in the future

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