New Delhi, Nov. 14 -- A committee constituted by the Ministry of Statistics and Programme Implementation (MoSPI) has recommended involving sectoral ministries, State governments and research institutions in measuring India's knowledge economy.

In its policy paper, Framework for Measuring the Contribution of Knowledge and Knowledge Products to the Economy, the Committee on Knowledge Systems proposed a federated model to develop dedicated accounts for areas such as artificial intelligence (AI), data, research and development (R&D), and human capital.

The panel recommended thematic accounts aligned with the System of National Accounts (SNA) 2025, instead of a single aggregate measure, to enable more targeted policymaking, Business Standard...