MoSPI Proposes Index of Service Production Using GST Data with 2024-25 Base Year
17 minutes agoBusiness
32LENS
4 SourcesNew Delhi, India
TBNthebalanced.news

MoSPI Proposes Index of Service Production Using GST Data with 2024-25 Base Year

The Ministry of Statistics and Programme Implementation (MoSPI) has proposed creating an Index of Service Production (ISP) for India's formal services sector, using aggregated Goods and Services Tax (GST) data with 2024-25 as the base year. The ISP aims to capture short-term economic trends across key service sub-sectors like trade, transport, banking, and hospitality, complementing the existing Index of Industrial Production. MoSPI has invited stakeholder feedback on the approach paper, highlighting the need for high-frequency data to better assess the services sector, which contributes over half of India's GDP.

Political Bias
0%100%0%
Sentiment
62%
AI analysis of 4 sources · Published under editorial oversight by The Balanced News
Analysed 27 Apr 2026· How this analysis is produced· Editorial standards· Corrections

AI Analysis

Political bias across 4 sources
● Left 0%● Center 100%● Right 0%

The articles primarily present the government's statistical initiative without partisan framing. Coverage focuses on MoSPI's technical proposal and its economic rationale, reflecting a neutral stance. There is no evident political bias, as the sources emphasize data methodology and economic significance rather than political implications or critiques.

Sentiment — Neutral (62/100)

The overall tone across the articles is neutral and informative, focusing on the technical aspects of the proposed Index of Service Production. The coverage highlights the benefits of improved economic measurement without expressing positive or negative judgments, maintaining an objective and factual presentation.

How 4 sources covered this story

Each source's own headline, political lean, and sentiment — so you can see framing differences at a glance.

SourceTheir headlineBiasSentiment
businessstandardNSO moots Index of Service Production with 2024-25 as base yearCenterNeutral
indianexpressGovernment plans monthly indicator for service sector output using GST dataCenterNeutral
economictimesMoSPI proposes Index of Service Production with 2024-25 as base yearCenterNeutral
news18MoSPI releases approach paper on index of services production for formal sectorCenterNeutral

Coverage timeline

news18 broke this story on 27 Apr, 01:17 pm. Other outlets followed.

  1. 1
    news1827 Apr, 01:17 pm
    MoSPI releases approach paper on index of services production for formal sector
  2. 2
    economictimes27 Apr, 02:04 pm
    MoSPI proposes Index of Service Production with 2024-25 as base year
  3. 3
    indianexpress27 Apr, 03:22 pm
    Government plans monthly indicator for service sector output using GST data
  4. 4
    businessstandard27 Apr, 04:34 pm
    NSO moots Index of Service Production with 2024-25 as base year

Lens Score breakdown

32/100
Public interest0/100
Coverage gap100%

Well-covered story — coverage matches public importance.

Who's involved

Institutions and figures named across source coverage.

Government
Ministry of Statistics and Programme ImplementationNational Statistical OfficeGoods and Services Tax Network

Story context

Category
Business
Location
New Delhi, India
Sources analysed
4
Last analysed
27 Apr 2026
Key entities
Informal economyInternet service providerMinistry of Statistics and Programme ImplementationTertiary sector of the economyGoods and Services Tax (India)IndiaReal estateInsuranceBankRetailWholesalingGross value added