Services sector growth may have fallen sharply in May, suggests MoSPI’s experimental data
India's services sector growth may have dropped to approximately 9.5% in May from around 20.5% in April, according to the Ministry of Statistics and Programme Implementation's experimental Index of Services Production. Of the 19 sub-sectors, 17 reported slower growth. The ISP data suggests a potential slowdown, with implications for the overall economic outlook in the coming months.