New Delhi– Indian businesses have the potential to unlock $9.82 trillion in gross value added (GVA) by 2035, according to a new PwC India report.
The study highlights the ‘Make’ domain—which includes manufacturing and industrial production—as a major contributor, expected to grow from $945 billion in 2023 to nearly $2.7 trillion by 2035.
Titled Navigating the Value Shift, the report points to mega trends like climate change, demographic shifts, and technological disruptions as key drivers reshaping value creation beyond traditional industry boundaries.
“To thrive, businesses must adopt a fresh, domain-based approach that identifies new avenues for growth and value creation across sectors,” said Sanjeev Krishan, Chairperson of PwC India.
The report defines domains as market spaces where companies address core human and industrial needs, transcending conventional sectors. Reflecting this shift, 40% of Indian CEOs have entered new sectors in the past five years, with half generating up to 20% of revenues from these ventures, according to PwC’s 28th Annual Global CEO Survey (India perspective).
Krishan emphasized, “Sustained growth requires moving beyond ad hoc diversification towards domain-led strategies that foster collaboration, innovation, and future-ready business models.”
India’s economy is projected to reach $30 trillion by 2047, with domain-based innovation playing a pivotal role in driving inclusive, sustainable, and technology-driven growth.
For example, the ‘Build’ domain is evolving as technology transforms real estate, construction, and infrastructure through smart buildings, data-driven solutions, and smart city initiatives—signaling a shift toward more efficient, integrated environments.
Similarly, the telecommunications sector exemplifies cross-domain growth opportunities emerging from these evolving value pools. (Source: IANS)
