August 2, 2026
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- 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.
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