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Press Information Bureau
Government of India
Ministry of Statistics & Programme Implementation
29 JUL 2026 4:00PM by PIB Delhi
Release of Sub-Sectoral Trial Index of Services Production (ISP) for May 2026 (Base Year 2024–25)

8 out of the 19 sub-sectors recorded double-digit growth in May, 2026 as compared to May, 2025.

16 out of the 19 sub-sectors recorded positive growth in May, 2026.

Top sub-sectors reporting strong growth in May, 2026 were Accommodation and Food (27.4%), Real Estate (17.7%), Retail Trade (13.3%), Banking (12.1%), Telecommunications (11.8%).

The Ministry of Statistics & Programme Implementation (MoSPI) releases the Index of Services Production (ISP) for the month of May 2026 in respect of 19 sub-sectors, with base year 2024–25. Sub – Sector wise trends in ISPs in May, 2026 over May, 2025 are given below:

S. No.

Broad Sub -Sector

ISP May, 2026

Growth in May, 2026 over May, 2025

1

Wholesale Trade

118.0

3.7%

2

Retail Trade

138.1

13.3%

3

Repair Services

122.4

9.8%

4

Accommodation and food

148.9

27.4%

5

Railway Transport

107.3

3.4%

6

Road Transport

125.9

4.4%

7

Water Transport

110.6

5.6%

8

Air Transport

99.9

-2.8%

9

Warehousing and support activities for transportation

124.9

11.5%

10

Postal and Courier

98.0

-1.0%

11

Telecommunications

114.8

11.8%

12

Information and Broadcasting

100.8

-7.6%

13

Banking

120.2

12.1%

14

Insurance

91.1

2.7%

15

Real Estate

113.3

17.7%

16

IT and computer related services

109.2

10.3%

17

Professional, scientific & technical services including R & D

111.7

11.0%

18

Administrative and support services

106.2

5.0%

19

Arts, Entertainment and Recreation Services

140.6

1.6%

The month wise indices for the above sub-sectors from May 2025 are given in Annexure.

Notes:

  1. The monthly ISPs are being published on an experimental basis. The publication of Trial Series would enable MoSPI to examine data quality, test its resilience and also receive feedback of stakeholders and users.
  2. The Indices of Railways, Banking and Insurance sub – sectors, are based on provisional monthly data and would undergo revision on an annual basis.
  3. This Press Release is also available at the Ministry’s Website -http://www.mospi.gov.in.
  4. The Data of ISP is also available at https://esankhyiki.mospi.gov.in

***

Annexure

Monthly Sub – Sectoral Trial ISPs

S. No.

Broad Sub -Sector

May’25

June’25

July’25

August’25

September’25

October’25

November’25

December’25

January’26

February’26

March’26

April’26

May’26

1

Wholesale Trade

113.8

106.6

113.1

111.5

133.9

136.7

117.5

127.8

143.6

132.1

142.0

119.9

118.0

2

Retail Trade

121.9

117.0

118.2

116.1

133.8

153.1

122.3

138.7

145.4

138.7

155.4

137.5

138.1

3

Repair Services

111.5

111.7

133.0

111.2

125.1

140.0

114.7

122.0

134.5

110.0

187.4

119.9

122.4

4

Accommodation and food

116.9

128.2

127.9

129.9

124.7

136.7

148.2

166.9

150.2

148.5

148.3

138.1

148.9

5

Railway Transport

103.8

102.1

98.7

101.9

97.5

99.6

100.9

105.7

107.5

99.9

112.4

99.6

107.3

6

Road Transport

120.6

119.9

120.3

117.4

130.5

115.4

116.8

130.8

128.9

124.9

153.1

110.3

125.9

7

Water Transport

104.7

101.4

99.9

99.7

98.9

102.0

108.0

111.1

113.0

102.3

113.6

104.9

110.6

8

Air Transport

102.8

97.1

95.9

98.7

95.4

105.0

113.3

113.3

117.3

107.0

102.0

89.9

99.9

9

Warehousing and support activities for transportation

112.0

114.8

116.4

114.1

120.5

119.0

117.4

131.4

126.6

121.3

151.7

113.0

124.9

10

Postal and Courier

99.0

98.4

98.8

101.0

96.4

99.4

88.2

98.7

97.3

91.9

110.7

99.3

98.0

11

Telecommunications

102.7

107.9

109.4

108.0

110.4

112.0

109.6

118.0

118.6

112.3

121.0

118.9

114.8

12

Information and Broadcasting

109.2

119.6

109.8

91.9

105.2

107.4

86.5

120.2

109.5

99.8

142.1

114.0

100.8

13

Banking

107.2

108.9

108.6

108.8

112.0

110.8

111.9

115.0

115.8

117.2

121.0

119.9

120.2

14

Insurance

88.7

107.1

114.0

92.6

118.0

105.6

96.1

116.0

116.9

96.9

168.1

110.9

91.1

15

Real Estate

96.2

95.4

106.0

98.0

110.4

105.4

102.5

115.3

116.2

121.3

133.0

119.8

113.3

16

IT and computer related services

99.0

115.3

107.6

102.3

121.4

109.7

107.7

137.4

111.7

109.2

146.5

112.2

109.2

17

Professional, scientific & technical services including R & D

100.6

112.5

105.3

98.8

116.5

111.7

108.5

127.5

109.4

106.0

166.8

106.3

111.7

18

Administrative and support services

101.2

106.4

111.3

105.0

120.4

115.2

104.0

122.9

115.9

106.6

156.5

120.4

106.2

19

Arts, Entertainment and Recreation Services

138.4

112.4

105.3

117.2

98.5

120.1

98.2

131.5

119.8

110.1

147.6

127.5

140.6

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*****

SAMRAT