National Industrial Classification (NIC) 2025
Kartavya Desk Staff
Source: DD News
Subject: Economy
Context: The Ministry of Statistics & Programme Implementation launched the National Industrial Classification (NIC) 2025, a major revision to India’s economic activity coding system, during the 75th-anniversary celebrations of the National Sample Survey Office (NSSO) in Udaipur.
About National Industrial Classification (NIC) 2025:
• What it is? A standardized six-digit classification system for categorizing all economic activities in India, replacing the earlier five-digit NIC-2008.
• A standardized six-digit classification system for categorizing all economic activities in India, replacing the earlier five-digit NIC-2008.
• History: First introduced in 1962, with revisions in 1970, 1987, 1998, 2004, and 2008.
• Aim: To reflect India’s evolving economic structure, improve granularity, and align with the UN’s International Standard Industrial Classification (ISIC) Revision 5.
• Key Features: Explicitly includes emerging sectors like cloud services, blockchain, platform-based services, renewable energy, waste management, and AYUSH. Introduces new classes for intermediation services (logistics, real estate, food services) and environmental remediation. Will serve as the standard framework for all official statistics, surveys, and policy design in India.
• Explicitly includes emerging sectors like cloud services, blockchain, platform-based services, renewable energy, waste management, and AYUSH.
• Introduces new classes for intermediation services (logistics, real estate, food services) and environmental remediation.
• Will serve as the standard framework for all official statistics, surveys, and policy design in India.
About National Sample Survey Office (NSSO):
• What it is? India’s premier institution for large-scale sample surveys across socio-economic domains.
• India’s premier institution for large-scale sample surveys across socio-economic domains.
• Established: In 1950 by Prof. P.C. Mahalanobis.
• Aim: To collect and analyse nationally representative data on topics like employment, health, education, industries, and prices.
• Key Features: Headed by a Director General under the Ministry of Statistics & Programme Implementation. Comprises four divisions: Survey Design and Research Division (SDRD): Kolkata-based; designs surveys and methodologies. Field Operations Division (FOD): Manages nationwide data collection through zonal and regional offices. Data Processing Division (DPD): Handles sample selection, software, and data validation. Survey Coordination Division (SCD): Coordinates activities and publishes the journal Sarvekshana. Conducts key surveys such as the Annual Survey of Industries (ASI) and Periodic Labour Force Survey (PLFS).
• Headed by a Director General under the Ministry of Statistics & Programme Implementation.
• Comprises four divisions: Survey Design and Research Division (SDRD): Kolkata-based; designs surveys and methodologies. Field Operations Division (FOD): Manages nationwide data collection through zonal and regional offices. Data Processing Division (DPD): Handles sample selection, software, and data validation. Survey Coordination Division (SCD): Coordinates activities and publishes the journal Sarvekshana.
• Survey Design and Research Division (SDRD): Kolkata-based; designs surveys and methodologies.
• Field Operations Division (FOD): Manages nationwide data collection through zonal and regional offices.
• Data Processing Division (DPD): Handles sample selection, software, and data validation.
• Survey Coordination Division (SCD): Coordinates activities and publishes the journal Sarvekshana.
• Conducts key surveys such as the Annual Survey of Industries (ASI) and Periodic Labour Force Survey (PLFS).