The National Industrial Classification (NIC) code is a numerical classification scheme used to categorize economic activities into different sectors. Developed by the Central Statistical Organisation (CSO), India, NIC codes help in organizing data for statistical analysis, economic research, and policy formulation. Each code represents a specific industry or economic activity, facilitating consistency and comparability across various sectors. NIC codes are crucial for businesses to register and comply with regulatory requirements. They provide a standardized framework for reporting financial and operational information, aiding in the assessment of sectoral contributions to the economy and facilitating targeted interventions for industrial growth and development.