Why in news?
Ministry of Statistics and Programme Implementation (MoSPI) released the Draft National Industrial Classification (NIC-2025) on September 10, 2025, aligning it with the global  International Standard Industrial Classification (ISIC) Revision 5 standard for better international data comparability.
 
Key News Updates

• The draft expands the number of industry sub-classes from 1,304 (NIC-2008) to about 1,900 in NIC-2025, especially in emerging sectors like digital economy, renewable energy, fintech, e-commerce, and AYUSH.
• An Expert Committee—including academicians, economists, and industry bodies—led consultations for the overhaul, factoring in extensive stakeholder feedback.
• News reports emphasize that the NIC is critical for statistical surveys, registrations, research, and policy-making by various entities including government, industry, and academia.
• Suggestions can be submitted via email or an online form, ensuring an inclusive and participatory revision process.

Special emphasis on:

• Renewable energy
• Fintech services
• AYUSH health systems
• E-commerce and digital economy
• Intermediation activities

These developments mark a significant step in India’s statistical modernization and reflect both domestic and global changes in industrial structures.

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