MoSPI Panel Urges Sector‑wise Accounts to Gauge India’s Knowledge Economy

The Ministry of Skill Development and Entrepreneurship (MoSPI) panel has highlighted the need for sector‑wise accounting to accurately assess India’s knowledge economy. The panel argued that a single aggregate figure does not capture the diverse contributions of different knowledge‑based sectors. By developing detailed sectoral accounts, policymakers can identify growth drivers, allocate resources more efficiently, and design targeted skill development initiatives. The panel’s recommendation comes as India seeks to strengthen its position in the global knowledge economy and attract investment in high‑value industries.