Byjus 1

Byjus  2

| **Key Facts**                                                                 | **Details**                                                                                                                                                                                                                   |
|-------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **Event**                                                                     | India to launch **Index of Services Production (ISP)**                                                                                                                                    |
| **Developed by**                                                              | **Ministry of Statistics and Programme Implementation (MoSPI)**                                                                                          |
| **Purpose**                                                                   | Monthly indicator to measure short-term changes in the performance of the service sector                                                                                                  |
| **Similar to**                                                                | **Index of Industrial Production (IIP)**                                                                                                                |
| **Data Sources**                                                              | Administrative Data, **GST Data**, **Annual Survey of Incorporated Services Sector Enterprises (ASISSE)**                                                                                  |
| **Methodology**                                                               | **Fixed-Weight Laspeyres Volume Index**                                                                                                                   |
| **Key Role of GST Data**                                                       | Central role in ISP framework; GST transactions classified using **Service Accounting Codes (SACs)**, mapped to **National Industrial Classification (NIC) codes**                          |

Key Facts	Details
Event	India to launch Index of Services Production (ISP)
Developed by	Ministry of Statistics and Programme Implementation (MoSPI)
Purpose	Monthly indicator to measure short-term changes in the performance of the service sector
Similar to	Index of Industrial Production (IIP)
Data Sources	Administrative Data, GST Data, Annual Survey of Incorporated Services Sector Enterprises (ASISSE)
Methodology	Fixed-Weight Laspeyres Volume Index
Key Role of GST Data	Central role in ISP framework; GST transactions classified using Service Accounting Codes (SACs), mapped to National Industrial Classification (NIC) codes

India to Launch Index of Services Production (ISP) in July 2026