India's services economy grew broadly in August 2026, with 13 of the 19 services sub-sectors recording double-digit growth over the same month last year, according to the Index of Services Production (ISP) released by the National Statistics Office (NSO) on Thursday, October 29, IANS reported. That was an improvement on July, when 10 of the 19 sub-sectors had posted double-digit growth.

Source: IANS via IANS Live

Retail trade was the fastest-growing segment, rising 19.9 per cent year-on-year in August, the Ministry of Statistics and Programme Implementation (MoSPI) data showed, as reported by ANI. Real estate and repair services each grew 17.6 per cent, and insurance grew 16.5 per cent.

Source: ANI via Daily Prabhat

19.9%Retail trade growth in August 2026, year-on-year
13 of 19Services sub-sectors with double-digit growth
17.6%Growth in real estate and in repair services
-9.6%Air transport, one of only two contracting sub-sectors

Banking services grew 14.9 per cent in August, up from 12.3 per cent in July, while scientific and technical services including research and development grew 14.2 per cent, IT and computer-related services 13.8 per cent, postal and courier services 13.2 per cent and telecommunications 11.8 per cent, IANS reported, citing the official data. Road transport grew 9.4 per cent and water transport 9.5 per cent.

Source: IANS via IANS Live

Only two sub-sectors shrank: air transport contracted 9.6 per cent and arts, entertainment and recreation services fell 4.7 per cent year-on-year, ANI reported.

Source: ANI via Daily Prabhat

The ISP is a trial series with base year 2024-25. It tracks monthly output across 19 services sub-sectors — including trade, transport, finance, telecommunications, real estate and information technology — giving policymakers a monthly gauge of the services economy alongside the industrial production data.

Source: ANI via Daily Prabhat