Before we dive into the numbers, let’s simplify this. GVA, or Gross Value Added, is the measure of an economy’s real productivity—how much value industries add after subtracting the costs of raw materials. It’s different from GDP, which includes taxes and subsidies. In simple terms, GVA shows how much India is actually creating—not just collecting.
The Big Picture: A Trillion-Dollar Transformation
According to PwC’s latest report “Navigating the Value Shift”, India’s GVA is projected to surge from $3.39 trillion in 2023 to $9.82 trillion by 2035, marking a massive 9.27% annual growth rate. This projection supports Commerce Minister Piyush Goyal’s bold claim that India is “firmly on track” to become a $5 trillion economy by 2027—a stepping stone toward a developed India by 2047.
Sectoral Shifts: Who’s Leading the Charge?
India’s growth isn’t coming from just one area. The “Make” domain—manufacturing and industrial output—is expected to triple, while the “Build” sector, including infrastructure and smart construction, is undergoing tech-led transformation. Even telecom and digital infrastructure are blending into every sector, creating new value pools.
CEOs Are Changing the Game
A whopping 40% of Indian CEOs have entered new industries in the last five years. Half of them now earn up to 20% of their revenue from these new ventures. This isn't just diversification—it's reinvention. Leaders are thinking beyond traditional sectors, focusing on broader human needs and cross-sector opportunities.
Read more: Priced Out: Is India’s housing boom leaving the middle class behind?
What It Means for the World and You
With forecasts from IMF, World Bank, and Goldman Sachs all aligning, one thing is clear: India’s growth is no longer potential—it’s performance. But as Nobel laureate Amartya Sen reminds us, growth must be inclusive, sustainable, and people-first.
India’s journey to $9.82 trillion GVA is more than a number—it’s the story of a country rewriting its destiny.
