Gross Domestic Knowledge Product (GDKP)

Recently, the Ministry of Statistics and Programme Implementation (MoSPI) had a session on “Conceptual Framework of Gross Domestic Knowledge Product (GDKP) Measurement”, chaired by Principal Scientific Advisor.

• About GDKP: It is a proposed metric to measure the contribution of knowledge to economic and social life, supplementing Gross Domestic Product (GDP).
• Revival of GDKP Concept: The government is revisiting the idea of Gross Domestic Knowledge Product (GDKP), which was shelved in 2021, to supplement Gross Domestic Product (GDP) as a metric.
• Objective: Develop a framework to capture the impact of knowledge on economic & social life.
• Focus: Shift from economic indicators to a knowledge-centric measurement approach.
• Significance: A refined methodology for GDKP would better capture contributions from knowledge-driven sectors, innovation, and intellectual assets.
• NITI Aayog’s Proposal: In 2021, NITI Aayog had presented a concept note on GDKP.