Identify the various approaches followed by Indian Statistical system in generating data on various economic and social phenomenons which precautions should be taken care of in using data collected from various sources.

The Indian Statistical System with the Ministry of Statistics and Programme Implementation (MoSPI) at its apex collects, compiles and disseminates an enormous amount of data on diverse aspects of the Indian economy, to the extent feasible, international standards prescribed by the United Nations and other international bodies. MoSPI sets standards to be followed by statistical agencies in the country and coordinates statistical activities carried out by these agencies. It also developes standardized classification of economic activities, namely, NIC, revising it from time to time keeping pace with the structural changes taking place in the economy. Data published by various Government agencies can be accessed through the portal www.data.gov.in . Other agencies also bring together and publish comprehensive data on some or all sectors of the economy, these publications being, the annual Economic Survey of the Ministry of Finance, the Budget documents, the Five-Year Plan documents, RBI’s Statistical _________ ________ ___ ______ _______ _____ ____ _________ _________ ______.
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