31-July-2026
Economy News
 
Services output growth slows in April
30-Jul-2026

India’s services sector output growth slowed sharply in May from a month ago, according to the trial Index of Services Production (ISP) released on Wednesday by the Ministry of Statistics and Programme Implementation (MoSPI). All but two of the 19 sectors tracked under ISP saw slower growth in May compared to April. While the ministry did not publish overall growth rate for the ISP, economists estimated that output across the 19-services sectors grew 9.8% in May, much slower than 20.8% in April.

News Source:- https://www.financialexpress.com/policy/economy/services-output-growth-slows-in-april/4305882/?ref=economy_hp