{"id":76884,"date":"2026-10-07T09:17:03","date_gmt":"2026-10-07T09:17:03","guid":{"rendered":""},"modified":"2026-10-07T09:17:03","modified_gmt":"2026-10-07T09:17:03","slug":"an-approach-paper-on-expanding-the-scope-and-coverage-for-the-index-of-services-production","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=76884","title":{"rendered":"An Approach Paper on Expanding the scope and coverage for the Index of Services Production"},"content":{"rendered":"<p>An Approach Paper on Expanding the scope and coverage for the Index of Services Production<BR>GST<BR>Dated:- 7-10-2026<BR><BR>MoSPI invites comments\/ feedback from stakeholders on the Approach Paper<\/p>\n<p>The services sector has firmly established itself as the primary engine of India&#39;s economic growth, driving more than half of the national Gross Value Added (GVA). To monitor this vital performance accurately, MoSPI initiated a monthly compilation of the ISP for the formal sector with 2024-25 as the base year, on a trial basis in July 2026.<\/p>\n<p>      The initial framework tracks 19 broad service sub-sectors-relying on high-frequency administrative data sources and data of outward supplies from GST which collectively accounted for approxima<\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/news?id=75050\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p>uccessfully incorporating them, MoSPI will elevate the total coverage of the monthly ISP to approximately 78.4 per cent of the entire services-sector GVA.<\/p>\n<p>      This expanded framework will enable aggregation of the sub-sectoral indices into a unified, all-encompassing Index of Services Production that provides a representative reflection of short-term movements of India&#39;s services sector.<\/p>\n<p>      MoSPI invites views and comments from experts, academicians, central government ministries\/departments, state governments, financial institutions and other stakeholders on the proposed methodology. The Approach Paper is available on the MoSPI&#39;s website www.mospi.gov.in. Comments and suggestions may be sent to the email to ddgec.esd@mospi.g<\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/news?id=75050\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An Approach Paper on Expanding the scope and coverage for the Index of Services ProductionGSTDated:- 7-10-2026MoSPI invites comments\/ feedback from stakeholders on the Approach Paper<\/p>\n<p>The services sector has firmly established itself as the primary e&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-76884","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/76884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=76884"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/76884\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=76884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=76884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=76884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}