Explore NIC Code For Udyog Aadhar Or LLP / Company Registration.
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Division 68 - Real estate activities |
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Division 85 - Education |
The National Industrial Classification (NIC) is an essential Statistical Standard for developing and maintaining comparable data base according to economic activities. Such classifications are frequently used in classifying the economically active population, statistics of industrial production and distribution, the different fields of labour statistics and other economic data such as national income. Comparability of statistics available from various sources, on different aspects of the economy, and usability of such data for economic analysis, are prerequisite for standardization of a system of classification.
National Industrial Classification 2008 (NIC-2008) is a revised version of NIC-2004. The 38th session of the UN Statistical Commission recommend that countries should make an effort either to adopt national versions of the ISIC, Revision 4, or to adjust their national classifications in such a way that data can be presented according to the categories of the ISIC, 10 Revision 4. Specifically, countries should be able to report data at the two-digit (division) level of the Classification without a loss of information; that is, national classifications should be fully compatible with this level of the ISIC, or it should be possible to arrange them.
The National Industrial Classification 2008 seeks to provide a basis for the standardized collection, analysis and dissemination of industry (economic activity) wise economic data for India. Apart from being the standard industrial classification, that underpins Indian Industrial Statistics, NIC is widely used by the government agencies, industry associations and researchers for various administrative, analytical and research purposes. The revised NIC-2008 provides a more contemporary industrial classification system.
Activities are first grouped into 'Section' alphabetically coded from A through U, every section is divided into 'Division' with 2-digit numeric code, every division into 'Group with 3-digit numeric code, every group into 'class' with 4-digit numeric code and every 4-digit class into 5-digit 'sub-class'.
Reference - mospi.nic.in