THEBUSINESSBYTES BUREAU

NEW DELHI, AUGUST 31, 2026

India’s services sector recorded broad-based growth in June 2026, with 18 of the 19 sub-sectors covered under the Index of Services Production (ISP) registering year-on-year expansion, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Monday.

Eight sub-sectors posted double-digit growth during the month, with real estate, retail trade and wholesale trade emerging as the strongest performers, signalling sustained momentum across a wide spectrum of services activity.

Real estate recorded the highest growth of 24.7 per cent in June compared with the year-ago period, followed by retail trade at 18 per cent and wholesale trade at 15.1 per cent. Administrative and support services expanded 14.4 per cent, while IT and computer-related services grew 13.5 per cent.

Warehousing and support activities for transportation registered 11.8 per cent growth, while banking expanded 11.4 per cent. Accommodation and food services also entered double-digit territory, growing 10.2 per cent during the month.

Among other major services, road transport grew 9.7 per cent, telecommunications 9.5 per cent and insurance 9.6 per cent. Professional, scientific and technical services, including research and development, recorded 9.1 per cent growth.

Water transport expanded 6.9 per cent, while arts, entertainment and recreation services grew 6.1 per cent. Postal and courier services increased 5 per cent, followed by information and broadcasting at 4.6 per cent and railway transport at 3.3 per cent.

Air transport was the sole sub-sector to register a contraction, declining 6 per cent in June 2026 from the year-ago period.

MoSPI has released the Index of Services Production covering 19 sub-sectors, with 2024-25 as the base year. The monthly ISP series is being published on an experimental basis to assess data quality, test the resilience of the index and obtain feedback from stakeholders and users.

The ministry said the indices for railway transport, banking and insurance are based on provisional monthly data and will be subject to annual revisions.