Tertius News is an AI-native newsroom: an AI model reads the linked source articles below and extracts what each outlet reported, so you can compare their coverage side by side. How this works →

Real estate leads services sector growth in June; retail and IT post double-digit gains

Government data shows real estate emerged as the fastest-growing services sub-sector in June 2026, expanding 24.7% year-on-year. Eight of 19 sub-sectors recorded double-digit growth, while India's real GDP grew 7.8% in Q1 FY27, surpassing the RBI's estimate.

By Tertius News AI Desk 2 distinct · 2 mastheads · 2 articles Version 1 Coverage Aug 31 – Sep 1, 2026 Published 52m ago

Services sector expansion broad-based in June

India's services sector recorded broad-based expansion in June 2026, with real estate emerging as the fastest-growing sub-sector, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI).

The Index of Services Production (ISP), which tracks 19 sub-sectors and uses 2024-25 as its base year, showed that real estate expanded 24.7% year-on-year in June, the highest among all tracked sub-sectors. Retail trade followed at 18%, wholesale trade at 15.1%, administrative and support services at 14.4%, and IT and computer-related services at 13.5%.

The ministry's release stated that "eight out of the 19 sub-sectors recorded double-digit growth in June 2026 as compared to June 2025," adding that "18 out of the 19 sub-sectors recorded positive growth in June 2026."

GDP growth surpasses RBI estimate

The services sector data was released alongside India's latest gross domestic product (GDP) figures. India's real GDP grew 7.8% year-on-year in the April-June quarter of FY27, exceeding the Reserve Bank of India's earlier estimate of 7% for the period.

Real GDP stood at ₹81.36 lakh crore in the first quarter of FY27, compared with ₹75.46 lakh crore in the same quarter a year earlier. Nominal GDP, which measures economic output at current prices without adjusting for inflation, rose 10.3% year-on-year to ₹88.27 lakh crore from ₹80 lakh crore in Q1 FY26.

The central bank has raised its full-year GDP growth forecast for FY27 to 6.7%, up from its earlier estimate of 6.6%.

Next estimates due in November

MoSPI is scheduled to release the next set of quarterly GDP estimates, covering July-September, on November 30.

How each outlet told it

A framing line is our reading of that outlet's own text — an interpretation, not a quotation and not a fact we assert. Check it against what the outlet published.

Livemint

Framing: Highlights real estate as the top performer in services sector, with retail and IT also double-digit, citing government data

as of Aug 31, 2026, 3:46 PM UTC

Facts Included:

Eight of the 19 sub-sectors recorded double-digit growth in June 2026 compared with June 2025
Real estate registered highest growth at 7%
Retail trade grew 18%
Wholesale trade grew 1%
India's real GDP expanded 8% in Q1 FY27 (April-June)
RBI's earlier estimate was 7% for the period
Year-on-year growth of 8%
Nominal GDP stood at ₹27 lakh crore in Q1 FY27, up from ₹80 lakh crore in Q1 FY26
MoSPI to publish next GDP estimates on 30 November 2026

Read the source article →

The Times of India

Framing: Highlights real estate as the fastest-growing services sub-sector with a specific growth percentage — neutral and data-focused

as of Sep 1, 2026, 10:17 AM UTC

Facts Included:

Real estate emerged as the fastest-growing services sub-sector in June 2026, expanding 7 per cent year-on-year
Eight of the 19 sub-sectors recorded double-digit growth in June
India’s real GDP grew 8 per cent year-on-year in the April-June quarter of FY27
RBI projected full-year GDP growth for FY27 at 7 per cent
MoSPI scheduled to release next GDP estimates on November 30

Read the source article →

Transparency & Audit Trail

2 distinct · 2 mastheads · 2 articles consulted: Livemint, The Times of India Version 1 Written 2026-09-01