These domains represent the future of value creation, transcending traditional sector boundaries to address fundamental human and industrial needs, said Pwc India’s latest report ‘Navigating the value shift.’
The report stated that one of the most significant domains contributing to the GVA calculus will be the ‘Make’ domain, which includes manufacturing and industrial production, amongst 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.
“Value within these domains is created through collaboration across ecosystems and interconnected value chains. By integrating diverse economic sectors, domains open up new avenues for growth, enabling a diverse range of companies to participate and thrive,” said the report.
“India CEOs are already responding to these shifts. In PwC's 28th Annual Global CEO Survey: India perspective published in January 2025, 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 per cent 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.”
“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,” said Arnab Basu, partner and clients and industries leader, PwC India.
With India's economy projected to reach $30 trillion by 2047, the report suggested that domain-based innovation could play a pivotal role in driving the nation’s inclusive, sustainable and tech-powered growth.
ALCHEMPro News Desk (SG)
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