New Delhi: The Ministry of Statistics and the Implementation of the Program (MOSPI) on Wednesday issued a proposal for national industrial classification (nothing) -2025 for public consultation, called for feedback from industry, academics and citizens. The framework supports statistical surveys, census, business registration and policy design.
The classification, which was last updated in 2008, is improved to reflect changes in the Indian economy and global standards. The revision builds on the acceptance of ISIC revision 5 UN last year and seeks to capture developing industries such as renewable energy, fintech, digital trade and health technology.
Mospi invited comments by September 20 through e -mail and online portal, after which the framework will be completed.
“The design of the NIC-2025 was formulated under the auspices of the expert committee, including important academics, economists, industrial associations and experts from various areas. Extensive consultations were also carried out with stakeholders, including the Central Ministries, experts in the field and other relevant organizations,” Mospi said.
The proposal is in accordance with the revision of 5 ISIC at a four -digit level and ensures global comparability of data in India while introducing other subclass to meet national requirements. Special emphasis was placed on areas with high growth such as renewable energy, fintech, electronic trade, Ayush Healthcare and a wider digital economy.
As a result, the number of subclass increased sharply to about 1,900, out of 1,304 within Nic-2008. New categories for platform -based services, virtual assets and environmental technologies reflect the growing weight of digital and green industries. The extension also offers greater accuracy in measuring activity across health, agriculture, telecommunications and finance.
This improvement is expected to provide the creators of politics, researchers and businesses with a sharper insight into how different parts of the economy evolve.
The Indian National Industrial Classification, which was first introduced in 1962 and regularly revised, serves as a country’s economic taxonomy. It standardizes how industry and activities are categorized, which ensures data consistency across sectors and over time.
In addition to their technical role, it forms how politicians and businesses interpret structural shifts, identify the emerging industries and propose evidence -based policies.
(Tagstotranslate) National Industrial Classification 2025 (T) Nothing 2025 Draft (T) Mospi Industrial Classification (T) India Economic Taxonomy (T) Framework (T) RENEWABLE ENERGY CLASSIFICATION INDIA (T) FINTECH CLASSIFICATION INDIA (T) Digital Economy Classification India (T) Ayush Healthcare Classification (T) Framework
