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) |