Branch² Intelligence
Govt releases maiden services index; 14 sub-sectors record double-digit growth in April
Key takeaway
India's new Index of Services Production shows 14 of 19 formal services sub-sectors grew at double-digit rates in April 2026.
- Step 1India releases maiden Index of Services Production showing 14 of 19 sub-sectors with double-digit growth in April 2026.
- Step 2Strong services growth signals robust domestic demand, boosting confidence among services SMEs and lenders.
- Step 3Improved revenue visibility and credit availability enable services SMEs to expand capacity and hire, reinforcing the growth cycle.
Source: Economic Times — Economy
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