What is NIC Code in Export? NIC code stands for National Industrial Classification Code. It's a system used in India to categorize businesses based on their specific activities. The government assigns a unique 5-digit code to each business activity, which helps them track and analyze economic data. Here's a breakdown of the importance of NIC codes: • Classification: NIC codes help the government classify businesses into relevant sectors and sub-sectors based on what they do. • Data Collection: U

7.2K views · 76 reactions | A video explainer on the Industrial...