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Hans India
20 hours ago
- Business
- Hans India
Indian companies can unlock $9.82 trillion in gross value added by 2035: Report
As the global economic landscape evolves rapidly, Indian businesses can unlock $9.82 trillion in gross value added (GVA) by 2035, according to a new report. As per the PwC India study, one of the most significant domains contributing to the GVA calculus will be the 'Make' domain, which includes manufacturing and industrial production, among other sectors. The report estimates that this domain alone will expand from $945 billion in 2023 to nearly $2.7 trillion in GVA by 2035. The PwC India's report, 'Navigating the value shift', said mega trends such as climate change, demographic shifts and technological disruptions are creating new avenues for value creation that transcend traditional industry boundaries. Amid this scenario, businesses are rapidly diversifying to capitalise on the evolving landscape. 'However, to navigate this transformation effectively, they require a fresh approach to identify where and how to diversify in order to seize value in motion. To support this need, PwC has developed a domain-based framework designed to guide strategic-decision making in this new era,' the report mentioned. Domains represent markets where businesses go beyond traditional sector boundaries to address fundamental human and industrial needs. 'India CEOs are already responding to these shifts. In PwC's 28th 'Annual Global CEO Survey: India perspective', 40 per cent of India CEOs stated that their companies have entered at least one new sector in the past five years, with half of them generating up to 20% of their revenue from these new ventures,' said Sanjeev Krishan, Chairperson, PwC in India. But to sustain momentum and unlock full value, businesses must move beyond ad hoc diversification. 'A domain-led lens that goes beyond the sector-led approach provides a powerful way to reimagine capabilities, collaborate across ecosystems, and build future-ready business and revenue models,' he mentioned. With India's economy projected to reach $30 trillion by 2047, domain-based innovation could play a pivotal role in driving the nation's inclusive, sustainable and tech-powered growth. 'Consider another domain, 'how we build.' As technology continues to reshape the way we construct and manage built environments more efficiently, traditional sectors such as real estate, construction and building management are being complemented by innovation spaces,' the report noted. These include smart, sustainable buildings; building tech and data solutions; and smart city infrastructure. Together, they represent a shift towards a more efficient, intelligent and integrated approach to the 'Build' domain. On the other hand, the telecommunications sector illustrates a range of cross-domain possibilities. The value pools emerging in these new growth domains represent exciting growth opportunities, said the report.
Time of India
21 hours ago
- Business
- Time of India
Growing in leaps! India GVA could hit $9.82 trillion by 2035, up from $3.39 trillion in 2023, says PwC report
t, Indian business could create economic value worth $9.82 trillion. (AI image) India's economy could grow leaps and bounds in the coming years, estimates PwC India in a new report. The analysis projects India's total GVA to increase from $3.39 trillion in 2023 to $9.82 trillion in 2035, representing a CAGR of 9.27%. GVA or Gross Value Added serves as a measurement of the economy's goods and services production value, functioning as an economic performance and productivity indicator used in GDP calculations after tax and subsidy adjustments. According to the report, Indian business could create economic value worth $9.82 trillion by shifting from conventional sector-specific approaches to addressing core human and industrial requirements. The PwC report titled 'Navigating the Value Shift' indicates that Indian companies can achieve $9.82 trillion in GVA by 2035 through engagement in nine growth domains, according to ET. Also Read | US plans 'economic bunker buster' bill: Will Donald Trump impose 500% tariff on countries importing oil from Russia? How it may impact India The analysis presents an innovative framework centred on 'domains', which encompass broad categories of human requirements, including societal living, movement, care, construction and power needs. These domains, as noted in the report, demonstrate value creation in the economy whilst being influenced by climate change, demographic evolution and technological advancement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Gold Is Surging in 2025 — Smart Traders Are Already In IC Markets Learn More Undo The PwC report states that each domain incorporates multiple industries and promotes inter-sector cooperation for comprehensive solution delivery. Business leaders in India are actively adapting to market transformations. According to PwC's 28th Annual Global CEO Survey: India perspective released in January 2025, "40% of India CEOs stated that their companies have entered at least one new sector in the past five years, with half of them generating up to 20% of their revenue from these new ventures," notes Sanjeev Krishan, Chairperson, PwC in India according to ET. He emphasises that organisations need to adopt a structured approach to diversification, focusing on domain-specific strategies rather than sector-based methods to enhance capabilities, foster ecosystem partnerships and develop sustainable business models. The analysis highlights nine distinct domains, encompassing various aspects of production, construction, healthcare and transportation. The manufacturing and industrial production segment, categorised under "How we make", could emerge as a significant contributor, with potential growth from $945 billion in 2023 to approximately $2.7 trillion in GVA by 2035. This expansion is anticipated to be supported by technological advancements, automated processes and increased focus on sophisticated manufacturing techniques. Also Read | Big jobs boost! Employment Linked Incentive scheme approved by Cabinet for over 3.5 crore jobs in 2 years; check top points The construction, real estate, and infrastructure sectors are experiencing substantial changes due to technological advancements. The integration of intelligent buildings, environmentally conscious materials, and analytics-based management systems demonstrates the evolution towards sophisticated and streamlined built environments. The telecommunications industry exemplifies the advantages of domain-oriented approaches in fostering development. Telecommunications firms have expanded beyond basic connectivity services, now supporting various initiatives including connected transport, healthcare technology applications, supply chain verification through distributed ledger technology, and the integration of communications networks with power infrastructure. These diverse applications generate additional revenue streams through collaborative partnerships. A structured framework featuring "glidepaths and guardrails" has been presented in the report to assist organisations in their transition into emerging sectors. The framework encompasses strategic initiatives including ecosystem partner identification, addressing capability shortfalls, establishing predictive intelligence systems and formulating precise market entry-exit protocols. The report's projections utilise economic models based on the International Standard Industrial Classification (ISIC), incorporating data from the IMF, RBI and the IIASA Shared Socioeconomic Pathway 2 (SSP2). The analysis employs input-output matrices to map sectors to domains, revealing value flow patterns and strongest alignments. As India aims to achieve a $30 trillion economy by 2047, PwC's domain-centred analysis indicates that organisations aligning with fundamental human and industrial requirements, whilst fostering cross-sector partnerships, will be optimally positioned to contribute to and benefit from the nation's forthcoming phase of balanced and sustainable development. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Economic Times
21 hours ago
- Business
- Economic Times
India could reach $9.82 trillion in economic activity by 2035: PwC report
TIL Creatives Representative Image Indian businesses have a potential to generate $9.82 trillion ineconomic value by moving beyond traditional sector-based models and addressing fundamental human and industrial needs, a report by PwC India PwC report, Navigating the Value Shift, estimates that Indian businesses can unlock $9.82 trillion in gross value added (GVA) by 2035 by tapping into about nine growth domains. As per the report, total GVA of India will grow from $ 3.39 trillion in 2023 to 9.82 trillion in 2035, that is a CAGR of 9.27%. GVA is essentially a measure of the value of goods and services produced in the economy and is an indicator of economic performance and productivity used to estimate GDP after adjusting for taxes and subsidies. The report introduces a new framework that focuses on 'domains' or broad areas of human need such as how we live, move, care, build and power report added that these domains reflect how value is being created in an economy and is shaped by climate change, demographic shifts and technological disruption. Each domain brings together multiple industries and encourages cross-sector collaboration to deliver integrated solutions, the PwC report added. 'India CEOs are already responding to these shifts. In PwC's 28th Annual Global CEO Survey: India perspective published in January 2025, 40% of India CEOs stated that their companies have entered at least one new sector in the past five years, with half of them generating up to 20% of their revenue from these new ventures,' said Sanjeev Krishan, Chairperson, PwC in India. 'But to sustain momentum and unlock full value, businesses must move beyond ad hoc diversification. A domain-led lens that goes beyond the sector-led approach provides a powerful way to reimagine capabilities, collaborate across ecosystems, and build future-ready business and revenue models.' The report also identified nine domains, including how we make, how we build, how we care and how we move. Among these, the 'How we make' domain, which includes manufacturing and industrial production could be one of the biggest contributors and has a potential to grow from $945 billion in 2023 to about $2.7 trillion in GVA by 2035. This growth is expected to be driven by digital innovation, automation and the growing emphasis on advanced significant domain is 'How we build,' which is undergoing rapid transformation as technology reshapes construction, real estate and infrastructure. Traditional sectors are being augmented by smart buildings, sustainable materials and data-driven management tools, reflecting a shift toward more intelligent, efficient and integrated built Basu, Partner and Clients & Industries Leader, PwC India said, "India's growth ambition is closely tied to its ability to innovate across domains. We are seeing a bold push from Indian enterprises to lead in newer markets—whether through digital reinvention, advanced manufacturing or sustainable infrastructure. What's needed now is an intentional, insight-led strategy to scale these efforts while keeping resilience and trust at the centre.' The telecommunications sector illustrates how domain-based thinking can open up multiple pathways for growth. Beyond connectivity, telecom companies are supporting smart mobility, enabling telehealth and wearable devices, securing food supply chains through blockchain authentication, and linking broadband networks with energy infrastructure. These applications cut across several domains, creating new value pools through ecosystem collaboration. To help businesses navigate this shift, the report outlines a structured framework that includes 'glidepaths and guardrails'—strategic steps and risk mitigators for entering new domains. These include mapping ecosystem partners, bridging capability gaps, setting up intelligent foresight engines and developing clear entry and exit strategies.'In an environment where businesses are constantly seeking clarity on where to play and how to play, our research offers both strategic direction and a framework for them to engage creatively with growth opportunities they may not have necessarily identified,' said Raghav Narsalay, Partner and Leader – Research and Insights Hub, PwC India. The estimates in the report are based on economic modelling using the International Standard Industrial Classification (ISIC), and draw from data sources including the IMF, RBI and the IIASA Shared Socioeconomic Pathway 2 (SSP2). Sectors were mapped to domains using input-output tables to assess where they align most strongly and how value flows between India targeting a $30 trillion economy by 2047, PwC's domain-based approach suggests that companies who align with these human and industrial needs—and collaborate across sector lines—will be best positioned to drive and benefit from the country's next phase of inclusive and sustainable growth.
Time of India
a day ago
- Business
- Time of India
India could reach $9.82 trillion in economic activity by 2035: PwC report
Indian businesses have a potential to generate $9.82 trillion ineconomic value by moving beyond traditional sector-based models and addressing fundamental human and industrial needs, a report by PwC India said. The PwC report, Navigating the Value Shift, estimates that Indian businesses can unlock $9.82 trillion in gross value added (GVA) by 2035 by tapping into about nine growth domains. As per the report, total GVA of India will grow from $ 3.39 trillion in 2023 to 9.82 trillion in 2035, that is a CAGR of 9.27%. GVA is essentially a measure of the value of goods and services produced in the economy and is an indicator of economic performance and productivity used to estimate GDP after adjusting for taxes and subsidies. Play Video Play Skip Backward Skip Forward Mute Current Time 0:00 / Duration 0:00 Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions and subtitles off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Top 25 Most Beautiful Women In The World Articles Vally Undo The report introduces a new framework that focuses on 'domains' or broad areas of human need such as how we live, move, care, build and power society. The report added that these domains reflect how value is being created in an economy and is shaped by climate change, demographic shifts and technological disruption. Each domain brings together multiple industries and encourages cross-sector collaboration to deliver integrated solutions, the PwC report added. Live Events 'India CEOs are already responding to these shifts. In PwC's 28th Annual Global CEO Survey: India perspective published in January 2025, 40% of India CEOs stated that their companies have entered at least one new sector in the past five years, with half of them generating up to 20% of their revenue from these new ventures,' said Sanjeev Krishan, Chairperson, PwC in India. 'But to sustain momentum and unlock full value, businesses must move beyond ad hoc diversification. A domain-led lens that goes beyond the sector-led approach provides a powerful way to reimagine capabilities, collaborate across ecosystems, and build future-ready business and revenue models.' The report also identified nine domains, including how we make, how we build, how we care and how we move. Among these, the 'How we make' domain, which includes manufacturing and industrial production could be one of the biggest contributors and has a potential to grow from $945 billion in 2023 to about $2.7 trillion in GVA by 2035. This growth is expected to be driven by digital innovation, automation and the growing emphasis on advanced manufacturing. Another significant domain is 'How we build,' which is undergoing rapid transformation as technology reshapes construction, real estate and infrastructure. Traditional sectors are being augmented by smart buildings, sustainable materials and data-driven management tools, reflecting a shift toward more intelligent, efficient and integrated built environments. Arnab Basu, Partner and Clients & Industries Leader, PwC India said, "India's growth ambition is closely tied to its ability to innovate across domains. We are seeing a bold push from Indian enterprises to lead in newer markets—whether through digital reinvention, advanced manufacturing or sustainable infrastructure. What's needed now is an intentional, insight-led strategy to scale these efforts while keeping resilience and trust at the centre.' The telecommunications sector illustrates how domain-based thinking can open up multiple pathways for growth. Beyond connectivity, telecom companies are supporting smart mobility, enabling telehealth and wearable devices, securing food supply chains through blockchain authentication, and linking broadband networks with energy infrastructure. These applications cut across several domains, creating new value pools through ecosystem collaboration. To help businesses navigate this shift, the report outlines a structured framework that includes 'glidepaths and guardrails'—strategic steps and risk mitigators for entering new domains. These include mapping ecosystem partners, bridging capability gaps, setting up intelligent foresight engines and developing clear entry and exit strategies. 'In an environment where businesses are constantly seeking clarity on where to play and how to play, our research offers both strategic direction and a framework for them to engage creatively with growth opportunities they may not have necessarily identified,' said Raghav Narsalay, Partner and Leader – Research and Insights Hub, PwC India. The estimates in the report are based on economic modelling using the International Standard Industrial Classification (ISIC), and draw from data sources including the IMF, RBI and the IIASA Shared Socioeconomic Pathway 2 (SSP2). Sectors were mapped to domains using input-output tables to assess where they align most strongly and how value flows between them. With India targeting a $30 trillion economy by 2047, PwC's domain-based approach suggests that companies who align with these human and industrial needs—and collaborate across sector lines—will be best positioned to drive and benefit from the country's next phase of inclusive and sustainable growth.
New Indian Express
26-06-2025
- Business
- New Indian Express
Global Capability Centres to generate value at 11-12% CAGR between FY25-29: Report
Global Capability Centres (GCCs) have evolved into-cost conscious innovators and will generate value at 11-12% CAGR between FY25-29, according to PwC's latest report. GCCs have generated value at a weighted average CAGR of 10-11% during FY-20 to FY24 for their respective headquarters. The report points out that the CAGR of value creation would be in excess of 14–15% with complete alignment between the GCCs and their respective headquarters. India currently has more than 2,975 GCC units. It said that today GCCs in the country have matured as cost-conscious innovators and multifunctional CoEs (centres of excellence). They are fast becoming central to their headquarters' growth strategy. The report mentioned that with the ongoing global supply chain and trade tensions, alignment between headquarters and their GCCs has become strategically important to maintain and enhance the strategic and operational competitiveness of headquarters. Sanjeev Krishan, Chairperson, PwC in India, said, "In the context of India's growth story, it is important for GCCs and their HQs to co-create a shared definition of value, invest in joint decisions, and build a culture of collaboration. GCCs must see complete alignment with their HQs - not as a one‑time fix, but as a sustained leadership imperative." The report also reveals that India will continue to be a premier destination for setting up GCCs. Raghav Narsalay, Partner and Leader – Research and Insights Hub, PwC India said, 'Indian GCCs are uniquely positioned to become engines of dynamic value creation.' He added the need to build GCC parks and to develop Tier 2 locations to become mature GCC hubs.' The report highlights that a common set of services that are top priority for the headquarter and GCC leadership of product as well as services-based companies in their future phase of growth during FY25-29 include digital transformation and innovation, and research and development.
