Published on 11 Sep 2025
The Government of India is reviving the Gross Domestic Knowledge Product (GDKP) to supplement GDP by measuring knowledge-driven sectors' impact on economic growth.
This initiative, spearheaded by the Ministry of Statistics and Programme Implementation (MoSPI), aims to quantify the impact of knowledge-driven sectors on economic growth.
GDKP quantifies contributions from research, technology, education, and intellectual property, unlike GDP, which focuses on tangible goods and services.
First proposed by NITI Aayog in 2021, concerns were raised regarding the feasibility of developing a standardized methodology for data collection.
To overcome this, MoSPI is considering a “satellite account” approach now.
Satellite account is like a separate notebook that tracks specific things without changing the main record.
For example, while GDP measures the entire economy, a tourism satellite account tracks only tourism-related activities like hotels, travel, and attractions.
Similarly, for GDKP, the government wants a special record to track the value of knowledge, research, and innovation separately, while still linking it to overall economic data.
Gross Domestic Knowledge Product
GDKP
Knowledge economy
Knowledge driven sectors
GDP
Gross Domestic Product
Economy
Human capital
Human Resource
Innovation
Skills
Employment
Satellite account