Indian 'accommodation and food' sector soars 35% in 2025-26
GS3Economy · S&T · Environment · Security· Growth, inflation & macro indicators· Prelims·
Why in news
MoSPI reported a 35% year-on-year growth in the 'accommodation and food' sub-sector for 2025-26, highlighting the expansion of India's service economy.
Background
The Ministry of Statistics and Programme Implementation (MoSPI) released data showing 14 out of 19 sub-sectors in the Index of Services Production (ISP) recorded double-digit growth. The 'accommodation and food' sector specifically surged by over 35% in the 2025-26 period.
Facts for Prelims
- BodyMoSPI: Ministry of Statistics and Programme Implementation is the nodal body for releasing national statistics.
- FactThe 'accommodation and food' sub-sector grew by over 35% year-on-year in 2025-26.
- Fact14 out of 19 sub-sectors in the Index of Services Production (ISP) recorded double-digit growth.
- S&TISP methodology: Utilizes GST and administrative data to measure services output without additional compliance burden.
For Mains
Q. Analyze the role of the Index of Services Production (ISP) in monitoring India's service sector growth and its implications for formulating targeted economic policies.
Dimensions to cover in your answer
- Data integrity: Reliance on GST and administrative data ensures real-time tracking without increasing the compliance burden on MSMEs.
- Sectoral imbalance: Disparity between high-growth service sub-sectors and lagging segments affects equitable regional development.
Keywords: Index of Services Production · Service Sector Growth · Administrative Data · Economic Indicators · MoSPI
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This note is generated automatically from SatyaDheesh's news feed and mapped to the UPSC CSE syllabus. Check facts against the original report or PIB before using them in an answer.