Variable

Definition

Deflator

Data Source

Output (Q)

Gross value added (GVA) to the firm

Deflated by industry specific Wholesale Price indices (WPI)

・ GVA obtained Annual Survey of Industries (EPW)

・ WPI obtained from the Ministry of Commerce & Industry of India (http://eaindustry.nic.in)

Labor (N)

Total persons engaged

-

・ Total persons engaged obtained from Annual Survey of Industries (EPW)

Capital (K)

Fixed capital stock series constructed by perpetual inventory method

Deflator is derived from the data on gross fixed capital formation in registered manufacturing at current and constants prices given in NAS

・ Net fixed capital formation obtained from Annual Survey of Industries (EPW)

・ Deflator obtained from Macroeconomic Aggregates (https://data.gov.in)