The Ministry of Statistics and Programme Implementation (MoSPI), in partnership with Indian Statistical Institute (ISI), Kolkata, recently conducted a one-day seminar exploring the novel concept of Gross Domestic Knowledge Product (GDKP). This meeting focused on analyzing a nation’s growth and future prospects through the lens of GDKP, a term originally coined by Prof. Umberto Sulpasso from the University of Southern California.
Elucidating Gross Domestic Knowledge Product
GDKP is an innovative metric that gauges a country’s development and prospective evolution through four primary pillars. These consist of Knowledge items (Ki), the Country’s Knowledge Producing Matrix (CKPM), the Country’s Knowledge User Matrix (CKUM), and Cost of Learning.
- Knowledge Items (Ki) involves the identification of a nation’s unique knowledge constituents, which span modern inventions and traditional cultural artifacts.
- The second pillar, Country’s Knowledge Producing Matrix (CKPM), facilitates a comparison of knowledge produced by different sectors such as government, private institutions and households, revealing their distinctive impact on GDP.
- Country’s Knowledge User Matrix (CKUM) is the third element, assessing the worth of knowledge acquired by individuals and private firms as an indicator of their modernization endeavors.
- The final pillar is the Cost of Learning, which mirrors the cost of living and acts as a benchmark for governance and budgetary decisions regarding educational support mechanisms like family bonds, education credit cards, etc. to encourage young citizens.
Great Potential of GDKP for India
The application of GDKP in India entails the calculation of the value of distinctive knowledge items pertaining to national culture and tracking their progression over time. For instance, these specific knowledge items may encompass the dissemination of cultural and religious teachings such as yoga, Vedas, dance schools, and the organization of religious and harvest festivals.
Contribution to National Knowledge Education Platform
The advent of GDKP not only enables the formation of a National Knowledge Education Platform but also has the potential to uplift the GDP. It highlights the critical role of private investment, with direct benefits being realized in sectors like software development, publishing, and many more.
Table of Facts about GDKP
| Pillars of GDKP | Description |
|---|---|
| Knowledge Items | Identification of modern and traditional knowledge items |
| Country’s Knowledge Producing Matrix | Comparison of knowledge produced by different sectors |
| Country’s Knowledge User Matrix | Value of knowledge acquired by individuals and private entities |
| Cost of Learning | Mirror of cost of living for educational budgeting decisions |
Promised Benefits and Outcomes of GDKP
As the GDKP model is embraced, it will stimulate the generation of specific knowledge items linked to national culture, leading to economic growth. Additionally, the establishment of a National Knowledge Education Platform will provide an avenue for the effective distinction and management of knowledge resources. Ultimately, the adoption of GDKP will promote thorough analysis and appreciation of the impact of private investment on the Indian economy.
