The Ministry of Statistics and Programme Implementation (MoSPI) is considering using aggregated Goods and Services Tax (GST) data on outward supplies as a key proxy to track short-term production trends in India’s dominant services sector. The proposal forms part of MoSPI’s broader initiative to develop an Index of Service Production (ISP), a high-frequency indicator akin to the existing Index of Industrial Production (IIP), to better capture real-time movements in services sector, which contributes over 50% of the country’s Gross Value Added (GVA).