Digital 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.
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