Cryoto Currency

After 37x growth in 2020, Web3 will inject $1.1T into India’s GDP by 2032.


After 37x growth in 2020, Web3 will inject $1.1T into India’s GDP by 2032.

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 over 450 startups in-house, such as CoinDCX and Polygon.

A recent study by the National Association of Software and Service Companies, an Indian non-governmental trade organization and advocacy group. 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 and NASSCOM
Indian Web3 startups need to focus on certain areas. Source: Zinnov CoNXT Research & Analysis