News: Recently, MoSPI unveiled the new National Industrial Classification (NIC) 2025 during the 75th NSS anniversary and World Statistics Day in Udaipur.
About New National Industrial Classification (NIC) 2025
- The National Industrial Classification (NIC) 2025 is a six-digit system for classifying all economic activities in India, replacing NIC 2008 five-digit system.
- Launched by: Ministry of Statistics and Programme Implementation (MoSPI)
- The classification system was first introduced in 1962 and later revised in 1970, 1987, 1990, 1998, 2004 and 2008.
- NIC 2025 is the latest national standard for classifying economic activities.
- Aim: Its aim is to reflect India’s evolving economic structure, improve data granularity and align with the UN’s International Standard Industrial Classification (ISIC) Revision 5.
- The revision was carried out under the guidance of the Expert Committee for Revision of Economic Classifications (ECREC) comprising subject matter experts and industry representatives.
- Feature of NIC 2025
- Enhanced classification of intermediation services: New classes have been created across multiple sections to reflect the growing role of intermediaries in sectors such as power, retail, logistics, healthcare, education, real estate, and food services.
- Environmental and green economy integration: Expanded coverage of carbon capture, waste management, and environmental remediation activities, with better alignment to SDGs framework.
- Digital economy representation: Cloud infrastructure, blockchain, platform-based services, and web search portals are distinctly classified, reflecting the evolving nature of the digital economy.
- Classification is technology agnostic: In general, distinction of activities is not made based on whether an activity is carried out by means of traditional or modern production techniques.
