The federal government is working in direction of creating a framework to measure the knowledge economy, because the ministry of statistics and programme implementation (MoSPI) organised a brainstorming session on Monday.
The session on conceptual framework of Gross Home Knowledge Product (GDKP) was attended by Ajay Kumar Sood, principal scientific advisor to the federal government of India, together with representatives from varied ministries, business associations, and non-governmental organisations.
Sood emphasised {that a} refined methodology for GDKP would offer an correct illustration of the contributions of knowledge-driven sectors, innovation, and mental belongings to India’s financial development, the ministry mentioned.
At current, all expenditures on mental property merchandise (IPP) are recorded beneath gross mounted capital formation (GFCF), which is a key indicator of knowledge manufacturing.
Saurabh Garg, secretary of MoSPI, highlighted ongoing efforts to revise the bottom 12 months of indicators comparable to Gross Home Product (GDP), Client Worth Index (CPI), and Index of Industrial Manufacturing (IIP).
Because the ministry collaborates with different ministries to compile satellite tv for pc accounts, this session goals to discover the feasibility of creating a satellite tv for pc account to measure the knowledge base of the, he added.
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