What are the Published Sources of Collecting Secondary Data?
Data is the collection of measurements and facts and a tool that helps an individual or a group of individuals reach a sound conclusion by providing them with some information. It helps the analyst understand, analyze, and interpret different socio-economic problems like unemployment, poverty, inflation, etc. Besides understanding the issues, it also helps in determining the reasons behind the problem to find possible solutions for them. Data not only includes theoretical information but some numerical facts too that can support the information. The collection of data is the first step of the statistical investigation and can be gathered through two different sources, namely, primary sources and secondary sources. Secondary Data can be collected through published and unpublished sources.
Published Sources of Collecting Secondary Data
Different published sources of collecting secondary data are as follows:
1. Government Publications:
The Ministries of the Central and State Governments in India routinely publish a variety of Statistics. As Government publishes the data, it is fairly reliable. Some of the notable publications on Statistics published by the Government are the Reserve Bank of India Bulletin, Report on Currency and Banking, Annual Survey of Industries, Statistical Abstract of India, Agricultural Statistics of India, etc.
2. Reports of Committees and Commissions:
A lot of statistical information is published in the reports of Committees and Commissions appointed by the Government. Some examples of these notable commissions in India are Planning Commission, Finance Commission, Monopolies Commission, etc. These commissions supply detailed statistical information in their reports.
3. Semi-Government Publications:
Different Semi-Government Publications like Municipalities and Metropolitan Councils publish data related to education, births, health, and deaths. The data published by these publications are fairly reliable and useful for the investigator.
4. Publications of Trade Associations:
Data relating to trading activities are collected and published by different big trade associations. These associations collect and publish data with the help of their statistical and research divisions. For example, the Sugar Mills Association publishes information related to different sugar mills in India.
5. Journals and Papers:
Different newspapers like The Economic Times and magazines, like Fact for You, and Commerce supply different statistical information.
6. Publications of Research Institutions:
Various universities and research institutions perform research activities and publish information based on their findings of research. For example, In India, a variety of statistical data is published by the India Statistical Institute and the National Council of Applied Economic Research.
7. International Publications:
A lot of statistical information is published by various international organisations like IMF, World Bank, ILO, UNO, Foreign Governments, etc.
8. Publications of Research Scholars:
Different Individual Research Scholars also publish their research work, which includes some useful statistical information.
9. Private Publications:
Commercial and research institutes like the Institute of Economic Growth, Stock Exchanges, National Council of Applied Economic Research, etc., publish reports regularly.
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