Why in news?

• NIC-2025 is the latest revision of the National Industrial Classification system released by the Ministry of Statistics and Programme Implementation (MoSPI) in November 2025.
• It is designed to systematically categorize all economic activities in India for statistical and policy purposes. NIC-2025 replaces the earlier NIC-2008 classification.

Key Features of NIC-2025

• NIC-2025 shifts to a 6-digit coding structure, improving detail and flexibility compared to the 5-digit NIC-2008 system.​
• It is aligned with the United Nations’ International Standard Industrial Classification of All Economic Activities (ISIC Revision 5), ensuring global comparability.​
• The revision reflects emerging sectors, such as fintech, e-commerce, renewable energy, digital platforms, and blockchain, and recognizes indigenous sectors like Ayush healthcare and the handloom industry.​
• There is expanded coverage of environmental activities, including carbon capture, waste management, and green economy initiatives, enhancing alignment with Sustainable Development Goals (SDGs).​
• New classes have been created to better represent intermediation roles in retail, logistics, power, healthcare, and education.​
• Technology-agnostic categories ensure activities are listed by nature, not production techniques (traditional vs modern).​

Importance and Purpose

• The purpose of NIC-2025 is to provide a detailed, standardized classification system that facilitates accurate data collection, analysis, and reporting of economic activities.
• It supports government surveys, economic censuses, industrial registration, and policy-making by providing reliable sectoral data.
• It enhances the accuracy of sectoral data, boosts evidence-based policymaking, and supports global data reporting standards.​
• The system is crucial for industry registration (MCA), business statistics, and priority sector lending by RBI.​
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