November 18, 2025 5:24 PM
India updates industrial classification after 17 years with NIC 2025 rollout
The Ministry of Statistics & Programme Implementation (MoSPI) unveiled the new National Industrial Classification (NIC) 2025 on Tuesday at the culmination ceremony of the 75th anniversary of the National Sample Survey Office (NSS) and World Statistics Day in Udaipur. The classification system, first introduced in 1962 and subsequently updated in 1970, 1987, 1990, 1998, 2004 and 2008, has now been overhauled to reflect the changing economic landscape of India. The NIC 2025 introduces a six-...


