Retail Trade Leads Services Output Growth at 19.9% in August, Air Transport Contracts: MoSPI
Retail trade led services growth at 19.9% while 18 of 19 sub-sectors posted annual gains, MoSPI said.
- According to the Ministry of Statistics and Programme Implementation , 18 of 19 services sub-sectors recorded growth in August 2026, with retail trade leading at 19.9 per cent year-on-year.
- Derived from the Sub-Sectoral Trial Index of Services Production , a trial series measuring output changes, the data enables monthly tracking of performance across selected services segments.
- Retail trade led at 19.9 per cent, followed by real estate and repair services at 17.6 per cent each, insurance at 16.5 per cent, Banking at 14.9 per cent, and computer-related services at 13.8 per cent.
- Air transport and arts, entertainment and recreation services were the only two subsectors to record contractions, declining by 9.6 per cent and 4.7 per cent respectively on a year-on-year basis.
- Unlike broader economic indicators, the index focuses on output changes in individual services sub-sectors, providing monthly data that enables comparison of Services Production performance over time.
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13 of 19 sub-services sector clocked double digit growth in August
Top sub-sectors reporting strong growth in August 2026 were retail trade (19.9 per cent), real estate (17.6 per cent), repair services (17.6 per cent), insurance (16.5 per cent) and banking (14.9 per cent)
Devdiscourse
Retail trade leads services output growth at 19.9% in August, air transport contracts: MoSPI
Retail trade recorded the highest year-on-year growth among India's services sub-sectors in August 2026 at 19.9 per cent, followed by real estate at 17.6 per cent and insurance at 16.5 per cent, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Thursday.
Retail trade leads services growth at 19.9% in August, air transport contracts 9.6%: MoSPI
Seventeen of the 19 services sub-sectors recorded year-on-year growth in August, with retail trade, repair services and real estate leading the expansion. Air transport and entertainment services were the only sectors to contract
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13 of 19 services sub-sectors in India’s economy clock double-digit growth in Aug
New Delhi, Oct 29 (SocialNews.XYZ) As many as 13 of the 19 services sub-sectors of the Indian economy recorded a robust double-digit growth in August this year, compared to the same month of the previous year, according to the Index of Services Production (ISP) with base year 2024-25, released by the National Statistics Office (NSO) on Thursday. This was an improvement over July when 10 of the 19 sub-sectors recorded double-digit growth. Retail …
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