India can build $10 tn economy by 2034: PwC

New Delhi, Nov 24 (IANS) Launching a report on transformational change in India, PricewaterhouseCoopers (PwC) Monday said India has an opportunity to build a $10 trillion economy by 2034 with a growth rate of 9 percent per annum. Titled "Future of India: The Winning Leap", the report "builds an aspirational model prepared after meeting business leaders and social thinkers and identifies winning strategies needed for this aspirational transformation", according to PwC International chairman Dennis Nally, who launched the report here. It said that for India to take that "winning leap" and grow its GDP by 9 percent per year, it would require the corporate sector to come together with the entrepreneur class to build an entrepreneurial ecosystem in constructive partnership with the government. "Corporations alone can't fuel growth and innovation needed to power India's winning leap, so the entrepreneurial sector must also play a major role as they possess qualities critical for developing innovative solutions, the willingness to take risks, an aptitude for fast decision-making, and bold leadership," said Deepak Kapoor, chairman, PwC India. "The government also needs to extend support by creating national platform," he added. The report says that up to 40 percent of India's $10 trillion economy of 2034 could be derived from new solutions.