GICS meaning in Business ?

Answer: What is Global Industry Classification Standard mean?

The Global Industry Classification Standard (GICS) is an industry taxonomy developed in 1999 by MSCI and Standard & Poor's (S&P) for use by the global financial community. The GICS structure consists of 11 sectors, 24 industry groups, 69 industries and 158 sub-industries into which S&P has categorized all major public companies. The system is similar to ICB (Industry Classification Benchmark), a classification structure maintained by FTSE Group.

GICS is used as a basis for S&P and MSCI financial market indexes in which each company is assigned to a sub-industry, and to an industry, industry group, and sector, by its principal business activity.

"GICS" is a registered trademark of McGraw Hill Financial and MSCI Inc.

reference

Full Form	Category
Geographic Identification Code Scheme	Academic & Science
Global Industry Classification Standard	Business
Grampians Integrated Cancer Service	Community
Grants Information and Control System	Governmental