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, Public capital: Net capital stock of administrative government and enterprises (departmental and non-departmental), Annual basis from, pp.1981-2012

, Administrative and Departmental Capital: (1) less the capital stock of non departmental enterprises, pp.1981-2012

, Central government; General social and economic capital (cash flow accumulation): Select years from 1951-1985, pp.1985-2012

, Central government; Financial loans: Select years from 1951-1985, annual basis from, 1985.

, Central government; External and Internal Debt: Select years from 1951-1985, annual basis from, 1985.

, Public Debt (accrual method from, pp.1951-2012, 2011.

, Starting 1950 I use CSO's Net National Income from official national accounts. The intermediate years 1947-1950 are linearly interpolated. All aggregates are in Indian Rupees at current prices. When computing wealth-income ratios, the benchmark series for the 1900-2012 period makes one adjustment. To reduce sensitivity of the national wealth measure (which is only for specific years) for any year t, I take the average national income for years Y t?1 , Y t , Y t+1 in the denominator. Prices: To compute real income and wealth, I use the national income deflator using constant price national income for the 1900-2012 period with 2012=100. To get one consistent series I spliced constant price national income from Sivasubramonion and CSO's official measures, Step-by-step construction of flows National income: Data on national income is available on an annual basis starting 1900. I use national income figures from Sivasubramonian, pp.1900-1946, 2000.

, The final series are in current prices on an annual basis. Savings: Savings at the national level are computed throughout as the sum of net-of-depreciation capital formation plus net foreign investment. This exact calculation for the years 1900-46 is done by Maddison (1992) but using older national product estimates of Sivasubramanion. I continue to use Maddison's saving rate but for aggregate savings until 1946, pp.1950-2012

, To split into public and B.5 Classification of all series In total I produce 5 different estimates of the national wealth-national income ratio ? in the supplementary database

, ? National wealth: Current prices, Indian rupees, book-values. Specific years from 1860-2012 Benchmark series: Land + Domestic Produced Assets + Net Foreign Assets. Alternative series: Benchmark series + Scenario 1, Benchmark series + Scenario, vol.3

, ? National income: Current prices, Indian rupees, pp.1860-1895

, Net domestic output + factor income from abroad

?. Savings, Annual from 1900-2012 Net national savings: Net domestic capital formation + Net foreign investment Public savings: Annual from 1951-2012. Net government capital formation + net lending Private savings: Annual from 1951-2012. Net national savings ? Public savings ? Wealth-income ratios: National wealth/National income ratio. Strategy 1 (benchmark wealth-income ratio, Benchmark wealth & National income average for years t ? 1 : t + 1 for, pp.1900-2012

, Benchmark wealth & National income Strategy 3: Benchmark wealth + Gold & Silver Scenario 1 & National income average for years t ? 1 : t + 1 for, vol.2, pp.1900-2012

, Benchmark wealth + Gold & Silver Scenario 2 & National income average for years t ? 1 : t + 1 for, vol.4, pp.1900-2012

, Benchmark wealth + Gold & Silver Scenario 3 & National income average for years t ? 1 : t + 1 for, vol.5, pp.1900-2012

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, Value of listed equities on domestic stock exchanges and book value corporate capital -fixed assets of corporations (private joint-stock and public enterprises not fully controlled by government), vol.27, p.0

, Book value: net fixed assets of private corporate sector and public non-departmental enterprises Stock market capitalization for all listed companies Listed equities vs book value assets Source: Author's computations in Supplementary Database Table 2B

, Figure 1: Value of listed equities on domestic stock exchanges and book value corporate capital -fixed assets of corporations (private joint-stock and public enterprises not fully controlled by government)