By 2035, Indian businesses could release a whopping USD 9.82 trillion in Gross Value Added (GVA) by focusing on growth sectors, according to a PwC Report.

By 2035, Indian businesses could release a whopping USD 9.82 trillion in Gross Value Added (GVA) by focusing on growth sectors, according to a PwC Report.

Indian businesses are on the brink of unlocking an unprecedented economic growth, with the potential to add $9.82 trillion to the Gross Value Added (GVA) by 2035, according to PwC India's report, "Navigating the Value Shift." This transformation hinges on adopting a strategic, domain-based diversification approach that transcends traditional sector boundaries.

The report identifies nine key domains that represent the core areas of opportunity: manufacturing and industrial production (How We Make), real estate, construction, and infrastructure (How We Build), healthcare and wellness (How We Care), mobility and logistics (How We Move), among others. These domains are reshaped by technology, creating opportunities in smart, sustainable buildings, building tech, smart city infrastructure, and more.

For instance, the "How We Make" domain is projected to grow significantly from $945 billion in 2023 to $2.7 trillion by 2035. Similarly, the "How We Build" domain is rapidly evolving through smart technologies, data-driven solutions, and smart city initiatives.

To capitalise on this potential, businesses should adopt a domain-led strategy, aligning with fundamental human and industrial needs. This approach encourages more coherent value creation and sustainable growth. Cross-sector collaboration and ecosystem integration are also crucial, enabling innovative business models and unlocking synergies to scale and diversify revenue streams.

The report underscores the importance of leveraging megatrends such as climate change, demographic shifts, and technological disruptions. These trends create new markets and demand patterns, which domain strategies can effectively address. Building future-ready business models that support agility, innovation, and sustainability is critical. Companies should invest in technology adoption, digital transformation, and sustainability practices to align with domain growth opportunities.

Businesses must also reimagine and redeploy their capabilities, potentially combining manufacturing expertise with digital services or integrating health and wellness with technology to create new offerings within domains. Responsiveness to market shifts and strategic pivots are essential for capturing domain value.

The PwC report continues to emphasise the importance of a strategic approach to diversification in the evolving business landscape. By following these domain-based strategies, Indian businesses can create future-proof, inclusive, and sustainable growth pathways, driving a substantial increase in economic value that aligns with the country’s projected $30 trillion economy by 2047.

In essence, the path to unlocking $9.82 trillion in GVA involves rethinking traditional boundaries, embracing integrated ecosystem collaboration, leveraging megatrends, and deploying innovative, domain-centric business models that address fundamental human and industrial needs. This will help Indian companies not only sustain but accelerate growth in a rapidly evolving global economy.

1. To amplify economic growth and potentially add $9.82 trillion to the Gross Value Added (GVA) by 2035, Indian businesses should adopt a strategic, domain-based diversification approach that leverages technology and innovation, emphasized in PwC India's report "Navigating the Value Shift."
2. Businesses in India must not only reimagine and redeploy their capabilities but also align with fundamental human and industrial needs, connecting manufacturing with digital services or integrating health and wellness with technology, to capitalize on emerging markets and demand patterns in a domain-led strategy, as recommended by PwC India.

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