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The PwC report titled “Navigating the Value Shift” claims that by concentrating on nine growth domains, Indian businesses can reach $9.82 trillion in GVA by 2035.
The production value of goods and services in the economy is measured by GVA, or gross value added, which is used to calculate GDP after tax and subsidy adjustments.
India’s economy is set for significant growth in the coming years, according to a new report by PwC India as cited by the Economic Times. The analysis forecasts India’s total GVA to rise from $3.39 trillion in 2023 to $9.82 trillion by 2035, indicating a CAGR of 9.27%.
The report suggests that Indian businesses could generate economic value worth $9.82 trillion by shifting from traditional sector-specific strategies to addressing fundamental human and industrial needs.
According to ET, the PwC report titled “Navigating the Value Shift” claims that by concentrating on nine growth domains, Indian businesses can reach $9.82 trillion in GVA by 2035. The analysis presents a novel framework based on “domains,” which encompass broad categories of human needs like the need for power, mobility, care, construction, and societal living. According to the report, these areas demonstrate how the economy creates value while being impacted by demographic changes, climate change, and technological advancements.
The production value of goods and services in the economy is measured by GVA, or gross value added, which is used to calculate GDP after tax and subsidy adjustments. It is a measure of productivity and economic performance.
India’s Agriculture GVA Triples In 12 Years
India’s agriculture and allied sectors have seen their gross value added (GVA) more than triple over the past 12 years, reflecting the sector’s growing economic footprint. According to a new report by the Ministry of Statistics and Programme Implementation, agri GVA rose to over Rs 48,00,000 crore in FY24 from around Rs 15,00,000 crore in FY12 — a surge supported by improved productivity and public policy push.
Despite rapid industrialisation, agriculture continues to be the backbone of India’s economy, contributing roughly 16% to GDP and sustaining more than 46% of the country’s population.
“Gross Value Added (GVA) of agriculture and allied sectors at current prices registered a growth of about 225%, increasing from Rs 1,502 thousand crore in 2011-12 to Rs 4,878 thousand crore in 2023-24,” the ministry said in the report titled ‘Statistical Report on Value of Output from Agriculture and Allied Sectors’.
The agriculture output or GVO at the real prices also surged 55% during the period, from Rs 1,908 thousand crore in 2011-12 to Rs 2,949 thousand crore in 2023-24, it added.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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