India may unlock $9.82 trillion in business value by 2035

Indian businesses could add $9.82 trillion in gross value added (GVA) to the economy by 2035 by adopting domain‑led diversification strategies, PwC India said in its latest report: Navigating the Value Shift.

The approach, called domain‑based innovation, encourages companies to move beyond traditional industry lines and focus on broader human and industrial needs.

One key area, the ‘Make’ domain, covering manufacturing and industrial production, is projected to grow from $945 billion in 2023 to nearly $2.7 trillion by 2035.

The report notes that climate change, demographic shifts, and new technologies are reshaping how value is created, opening opportunities that cut across conventional industry boundaries.

“To navigate this transformation, businesses need a fresh approach to identify where and how to diversify,” the report said.

PwC said it has developed a domain‑based framework to guide strategic decision‑making in this new era.

Domains cut across sectors and address essential needs.

For instance, the ‘Build’ domain is redefining real estate, construction, and infrastructure through smart buildings, sustainable city planning, and data‑driven efficiency.

Similarly, telecom increasingly connects with finance, education, media, and healthcare, creating new value streams.

“Indian CEOs are already responding,” said Sanjeev Krishan, chairperson of PwC India. “In PwC’s ’28th Annual Global CEO Survey: India perspective,’ 40% said their companies entered at least one new sector in the past five years, with half generating up to 20% of their revenue from these ventures.”

“A domain‑led lens offers a powerful way to reimagine capabilities, collaborate across ecosystems, and build future‑ready business models,” he added.

With India’s economy projected to reach $30 trillion by 2047, the report concludes that domain‑based strategies can enable inclusive, sustainable, technology‑driven growth.