Archive · 29 Jul 2026
Eight Formal Services Sub-Sectors Show Double-Digit Growth in May 2026
In May 2026, the Indian government reported that most sub-sectors of formal services grew, with eight showing double-digit growth.
The top performers were accommodation and food, real estate, retail trade, banking, and telecommunications.
However, air transport, post and courier, and information and broadcasting saw declines.
This data is part of an experimental trial series to test the quality and resilience of the information.
Eight out of 19 sub-sectors of formal services recorded double-digit growth in May 2026.
Top performing sectors include accommodation and food (27.4%), real estate (17.7%), retail trade (13.3%), banking (12.1%), and telecommunications (11.8%).
Air transport declined by 2.8%, post and courier slipped by 1%, and information and broadcasting contracted by 7.6% in May 2026.
The data is part of the second sub-sectoral trial index of services production (ISP) for May 2026, with base year 2024-25.
The monthly ISPs are being published on an experimental basis to examine data quality and receive feedback from stakeholders.
- Who
- Ministry of Statistics & Programme Implementation (MoSPI)
- What
- Eight out of 19 sub-sectors of formal services recorded double-digit growth in May 2026.
- When
- May 2026
- Where
- New Delhi
- Why
- To measure and report on the performance of various sub-sectors of formal services.
Positive Growth in Most Sectors
Declines in Specific Sectors
Overall Growth
Positive Growth in Most Sectors
16 out of 19 sub-sectors recorded positive growth in May 2026.
Declines in Specific Sectors
Air transport, post and courier, and information and broadcasting saw declines.
- Base Year
- 2024-25
- Top Performing Sectors
- Accommodation and food (27.4%), real estate (17.7%), retail trade (13.3%), banking (12.1%), telecommunications (11.8%)
- Declining Sectors
- Air transport (-2.8%), post and courier (-1%), information and broadcasting (-7.6%)
- Release Date of April 2026 Data
- July 14, 2026
- Publication Basis
- Experimental