Gross Domestic Knowledge Product: Redefining India’s Knowledge Economy
On 10th February 2025, the Ministry of Statistics and Programme Implementation (MoSPI) organised a brainstorming session on “Conceptual Framework of Gross Domestic Knowledge Product (GDKP) Measurement” in New Delhi.
- The session aimed to discuss the existing framework of measuring knowledge products within the Gross Domestic Product (GDP) and to deliberate on conceptualisation of a fresh approach to measure India's Knowledge Economy.
- Currently, Intellectual Property Products (IPP) are recorded under Gross Fixed Capital Formation (GFCF) in the GDP dataset. GFCF is the total value of assets acquired for production purposes, minus the value of assets disposed of.
- However, this method may be insufficient ....
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