Gross Domestic Knowledge Product (GDKP) to Measure Knowledge Economy

February 17, 2025

Recently, the government is considering reviving a concept shelved in 2021 to integrate the knowledge economy as a supplementary metric alongside gross domestic product (GDP).
The Ministry of Statistics and Programme Implementation (MoSPI) recently held a session on the “Conceptual Framework of GDKP Measurement.”
The Gross Domestic Knowledge Product (GDKP) concept was initially proposed by Umberto Sulpasso of the University of Southern California and Prof. Jeff Cole.
GDKP is a proposed metric designed to measure the knowledge generated and utilized within an economy, complementing GDP.
It evaluates a nation’s growth and future prospects based on four key pillars: Knowledge Items (Ki), the Country’s Knowledge Producing Matrix (CKPM), the Country’s Knowledge User Matrix (CKUM), and the Cost of Learning.
This initiative aims to quantify the role of knowledge, innovation, and intellectual assets in shaping India’s economic and social landscape.