Govt releases Service PPI estimates for Q1; banking index rises

New Delhi, August 24 (IANS) The government on Monday released provisional estimates of the Service Producer Price Indices (SPPIs) for the first quarter of 2026-27, with banking, pension fund management and transport services sectors showing improvement.

As per the data released by the Ministry of Commerce & Industry, the Services PPI for banking services rose to 100.9 in Q1 FY27 from 100.5 in the previous quarter, while the Banking Service Contribution Index increased to 134.8 from 131.5.