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India holds $1.1 trillion digital asset opportunity by 2032: Report
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livemint.comDigital asset economy’s value to India’s GDP will grow at 43.1% compounded annual growth rate (CAGR) from $5.1 billion in 2021 to $261.8 billion over an 11-year period, resulting in a $1.1 trillion contribution to the country’s economy, according to a report by crypto exchange, CrossTower, and US-India Strategic Partnership Forum (USISPF).
As per the report, digital asset market capitalization was about $1.5 billion in 2013 and the market capitalization is at nearly $3.0 trillion today.
The report, titled “India’s $1.1 trillion Digital Asset Opportunity", also highlighted that the adoption rate of digital assets—as reflected by accounts opened on centralized cryptocurrency exchanges—is growing nearly twice as fast as that of the Internet.
Read more on livemint.comAbout this in other media
Expect Robinhood clones to rise if India makes crypto an asset class economictimes.indiatimes.com /2 years ago
India: Crypto, Web 3.0 and blockchain can help push India’s economy by $1.1 trillion ambcrypto.com /2 years ago
Web 3.0, blockchain can add $1.1 tn to India's GDP by 2032: Report business-standard.com /2 years ago
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