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Web3 to inject $1.1T in India’s GDP by 2032, following 37x growth since 2020 By Cointelegraph


Web3 to inject $1.1T in India’s GDP by 2032, following 37x growth since 2020

The Indian economy will benefit from the $1.1 trillion global Web3 boom over the next ten years, which will help to support the investment-based momentum generated by more than 450 startups in-house, such as CoinDCX and Polygon.

A recent study by the National Association of Software and Service Companies in India (NASSCOM), a non-governmental trade association and advocacy organization, was published. highlighted India’s position as a leading global player in the Web3 market owing to several factors spanning a large talent pool, high adoption rate and product development for international markets.

Snapshot of India’s Web3 startup ecosystem in 2022. Source: NASSCOM
Indian Web3 startups are being invested in. Source: USISPF & NASSCOM
Global Web3 talent distribution. Source: OKX, NASSCOM
Indian Web3 startups should focus on specific areas. Source: Zinnov CoNXT Research & Analysis