CMIE in its endeavour to upgrade the Prowess database and
products has revamped its Products and Services Classification master. The
modifications have been carried out in response to the users who sought
rigorous product classification of companies in the Prowess database.
Besides, evolution of the Indian economy over the years had led to emergence
of many new products and economic activities. CMIE’s tremendous effort on the
revision of the products and services classification has resulted in addition,
re-classification and renaming of many products and services. Also,
certain products and services have been dropped.
A total of around 6,100 products and services were available in the
CMIE’s products and services classification master earlier. We have added
130 new products and services to the classification, increasing the
total count of products and services to more than 6,250.
Around 400 products and services have been re-classified
i.e. their parent product classification has been changed and such products and
services have been moved to a different group of products classification which
is more appropriate as compared to the previous classification.
A total of 275 product and services have been
renamed. Further, 34 products and services have been renamed and
re-classified into different product group.
The number of imperceptible product and services dropped from
the products and services classification master is 67. The data mapped
to these products and services has been shifted to the appropriate new
or the old product and services.
The above changes have resulted in change of codes associated
with all the products and services. The old codes have been mapped to the
new codes to ensure apt classification of the products and services and
its data post transition. Though all the product codes have changed, there
are many products with the same name as in the earlier classification. Due
to the change of products and services codes and the reclassification,
products to industry mapping master and products to ITC mappings master
have also undergone a change. The users can obtain the revised masters
from the ‘Master’ section available on the ProwessDx web-site.
The data dumps extracts for the following tables from the September 2017 vintage will contain the revised products and services codes:
History of Classification
Raw Materials Consumed
Annual and Interim Segments
Product-wise Energy Consumption
The users can download an excel file containing the old product code to new product code mappings by clicking
on the following link:
The excel file contains two sheets; ‘Old to New
Mapping’ and ‘Mapping of Dropped codes’. The sheet ‘Old to New
Mapping’ provides mapping of the old product codes to the new product
codes. The sheet ‘Mapping of Dropped codes’ provides mapping of
the dropped products to the newly added or the old products.