National Industrial Classification code abbreviated as NIC Code is an imperative statistical standard developed to analyze and compare each business entity contribution in the asset development of the Indian Government. An accumulative data of multiple firms is used to measure economically active populace and its conveyance, arrange different types of labour, work insights of the distinctive fields, and other financial information, such as national salary. NIC Code compares the statistical data available from numerous sources and helps to analyze it, which is essential for the standardization of a system of classification economically.
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