Amid growing global debate on the adequacy of Gross Domestic Product (GDP) as the sole measure of economic performance, India has embarked on an ambitious plan to measure the Gross Domestic Knowledge Product (GDKP) to put a value to major pillars of its informal knowledge economies.

A Technical Advisory Group (TAG) established under the Ministry of Statistics and Programme Implementation to guide the creation of India’s knowledge economy measurement framework has invited research proposals to develop a comprehensive taxonomy for knowledge items to be included in the GDKP framework.

TAG’s terms of reference include developing a framework and strategy to capture knowledge items at both the regional and national levels and defining the coverage of intangible assets under the framework.

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