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Web3 to power India’s economic growth, expected to drive 27% of India’s incremental GDP by 2032: Study
28-10-2024
A report by Primus Partners highlights India’s potential in the global Web3 sector, projecting that it could contribute 27% to the country’s GDP by 2032 and create over 8 million jobs. Despite having a strong talent pool and over 1,000 startups, regulatory uncertainty poses a significant challenge, leading many startups to relocate due to a lack of clear regulations.The report emphasizes the urgency of a balanced regulatory approach, suggesting new legislation, amendments to existing laws, and the establishment of self-regulatory organizations to help India harness its Web3 potential and shape global standards. Read Now!
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