New Index of Services Production will be based on GST, admin and survey-based data - The Hindu

The new upcoming Index of Services Production (ISP) will rely heavily on Goods and Services Tax (GST) data to arrive at its estimates of services sector production, the report of the technical committee tasked with designing the index framework has said.  Where GST data is not available, the index will use a combination of administrative data and the Annual Survey of Incorporated Services Sec…