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Web 3.0, blockchain can add $1.1 tn to India's GDP by 2032: Report
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business-standard.com'Web 3.0' envisions a decentralised future where users and machines are able to interact with data via asmart, digital contracts' over peer-to-peer networks, without the need for Big Tech.
According to the report by crypto and digital asset exchange CrossTower in partnership with US-India Strategic Partnership Forum (USISPF), the digital asset economy's value to India's GDP will grow at 43.1 per cent CAGR (compound annual growth rate) -- from $5.1 billion in 2021 to $261.8 billion over an 11-year period, resulting in a $1.1 trillion contribution to India's GDP.
Digital asset market capitalisation was nearly $1.5 billion in 2013, and stands at about $3 trillion today.
According to the report, most of $1.1 trillion in the total economic
Read more on business-standard.comAbout this in other media
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