India, in Infographics: Economy
13 Of 19 Services Sub-Sectors Grew In Double Digits In August, Up From 10 In July; Air Transport Shrank In All Five Months So Far
Every Sub-Sector In MoSPI’s New Trial Index Of Services Production, Every Month Released: Real Growth Over The Same Month A Year Earlier. Set Your Own Growth Bar And The Grid Recolours: At 15%, 4 Of 19 Cleared It In August.
Set A Growth Bar With The Buttons Or The Slider: Squares, Counts And The Summary Update. Hover Or Tap A Square For The Index In That Month And A Year Earlier. Click A Sub-Sector To See Its Index Every Month Since April 2025. Growth Is Real, Over The Same Month A Year Earlier.
Grew 10% Or More, August
13 Of 19
Up From 10 In July; 14, 8, 8, 10 And 13 Since April
Grew At All, August
17 Of 19
Arts And Recreation And Air Transport Shrank
Fastest, August
19.9%
Retail Trade; Index 139.2 Against 100 In 2024-25
Air Transport, August
-9.6%
Shrank In All Five Months; Index 89.2
The Bottom Line
Most Of India’s Formal Services Grew Fast In August: 17 Of 19 Sub-Sectors Grew And 13 Grew 10% Or More, With Retail Trade, Real Estate And Banking Strong In Every Month. Air Transport Is The Clear Exception, Smaller Than A Year Earlier In Every Month Since April. This Is A Trial Series Covering About 60% Of Services, So Read It As An Early Signal, Not A Final Count.
What The Data Shows
Broad Growth, Led By Retail And Property
In August, 13 Of 19 Sub-Sectors Grew 10% Or More Over August 2025, And 17 Grew At All. Retail Trade Led At 19.9%, Followed By Repair Services And Real Estate At 17.6% Each And Insurance At 16.5%. Eleven Sub-Sectors Grew Faster Than In July.
Five Grew 10% Or More Every Month
Retail Trade, Accommodation And Food, Banking, Real Estate And IT Services Have Grown In Double Digits In All Five Months Released. Averaged Over The Five Months, Real Estate Grew Fastest, 20.4%, Just Ahead Of Retail Trade At 20.1%. Accommodation And Food Has The Highest August Index, 145.3.
Air Transport Shrank Every Month
Air Transport Shrank In All Five Months, From -13.9% In April To -9.6% In August. Its August Index, 89.2, Is Below The 2024-25 Average Of 100; It Stood At 117.3 In January 2026. Arts, Entertainment And Recreation Shrank For The First Time In The Series, By 4.7%.
The Count Swings From Month To Month
The Number Of Sub-Sectors Growing 10% Or More Went From 14 In April To 8 In May And June, Then 10 In July And 13 In August. April’s Count Is Lifted By Weak April 2025 Figures: Road Transport Grew 18.5% In April But 4.4% In May.
Read With Care
A Trial Series
MoSPI Calls These Indices Experimental, Published To Test Data Quality And Gather Feedback. Railways, Banking And Insurance Use Provisional Monthly Data And Will Be Revised Annually. There Is No Overall Services Index Yet; MoSPI Says One Will Follow. Growth Figures Some Reports Give For All Services Are Not Official.
Formal Business Only, About 60% Of Services
The 19 Sub-Sectors Cover About 60% Of The Services Sector, And Only Formal Enterprises, Because The Data Come From GST Returns And Administrative Records. Government Services, Health, Education And Informal Businesses Are Not Included. Part Of The Growth In GST-Based Series May Reflect More Businesses Filing Returns, Which An Index Like This Cannot Separate Out.
Strong Seasonal Swings
Index Levels Jump At The End Of The Financial Year: In March 2026 Repair Services Stood At 187.4 And Insurance At 168.1. That Is Why Every Comparison Here Is With The Same Month A Year Earlier, Never With The Month Before.
Sources & Method
Data
MoSPI, National Statistics Office, Sub-Sectoral Trial Index Of Services Production, Base 2024-25 = 100. Releases Of 14 July (April 2026), 29 July (May), 31 August (June), 29 September (July) And 29 October 2026 (August), With Monthly Indices From April 2025.
Growth
Each Square Is The Growth MoSPI Published For That Month Over The Same Month Of 2025. Every Figure Was Checked Against The Published Indices; Recomputed From Rounded Indices They Differ By At Most 0.1 Point, And None Changes Colour. No Sub-Sector Grew By Exactly 0%.
Real Terms
GST Turnover And Administrative Data Are Converted To Real Terms With The Closest Price Index: WPI For Wholesale Trade, A Matching CPI For Most Others, And CPI General For Banking, Insurance And Repair. Railways, Air Transport And Water Freight Are Measured In Volumes And Need No Deflator.
Data: MoSPI, ISP For August 2026 · First Release And Method, April 2026 · eSankhyiki, MoSPI.
