- The Ministry of Statistics and Programme Implementation , in collaboration with Indian Statistical Institute (ISI), Kolkata held a one-day workshop in India Habitat Centre, New Delhi on the novel and emerging area of Gross Domestic Knowledge Product (GDKP) on February 13, 2019.
- Prof. Umberto Sulpasso was the key speaker in the workshop, which was inaugurated by Dr. Rajiv Kumar, VC, NITI Aayog
- GDKP is propounded by Prof. Umberto Sulpasso, Senior Fellow, Center for Digital Future, University of Southern California. As an economy develops, the key driver for growth changes over time. However, one engine, which has always dominated the modern times and has acted in different ways, is KNOWLEDGE.
- The GDKP identifies four components of knowledge based economy, namely, R&D and technology, computer infrastructure, information infrastructure and education and training.
- It aims to enhance GDP and proper role of private investment. The massive success of Facebook, Microsoft and Alphabet also indicates that the new companies that will become successful start-ups will sell knowledge and not goods.
- India has played a dominant role in the ICT sector globally and has contributed to the knowledge economy significantly.
- That Veda literally means knowledge, and with knowledge, moving out from ivory tower to mass-production prompted Prof. Sulpasso to select India as the first country, which should embark on assessing the contribution of the knowledge revolution to economic growth.