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India's Services Sector Soars: 10 of 19 Services Record Double-Digit Growth in July
M
Moneycontrol•29-09-2026, 16:21
India's Services Sector Soars: 10 of 19 Services Record Double-Digit Growth in July
- •India's services sector experienced broad-based growth in July, with 10 out of 19 tracked services achieving double-digit expansion year-on-year.
- •Administrative and support services led the growth, expanding by 20.9%, followed by retail trade at 18.5% and real estate activity at 14.4%.
- •Key sectors like accommodation and food services (12.6%), banking (12.3%), and wholesale trade (12.1%) also showed strong growth.
- •Telecommunications, IT and computer-related services, and professional, scientific, and technical services all recorded over 10% growth.
- •Air transport and repair services were the only two sub-sectors to contract in July, with air transport declining by 8.4%.
Key Questions Answered
Administrative and support services recorded the fastest expansion at 20.9 percent over July 2025, followed closely by retail trade at 18.5 percent and real estate activity at 14.4 percent.
Ten of the 19 services tracked under the government's Index of Services Production recorded double-digit expansion in July 2026 compared to a year earlier, with 17 sub-sectors registering positive overall growth.
Air transport and repair services were the only two services to contract in July 2026, with air transport falling 8.4 percent and repair services declining 5 percent from the previous year.
