• India can fulfill its $5 trillion economic dream by exploring its $1 trillion web3 industry.
• India is among the top five countries for cryptocurrency and DeFi adoption.
• The cryptocurrency sector in India received $30.5 billion in funding in 2021.

India is ready to achieve its dream of a $5 trillion economy by exploring the untapped $1 trillion crypto market it currently has under its belt. The Indian web3 industry aims to lead the global market and contribute to the GDP of the nation.

After surpassing the UK, India became the fifth largest economy in 2022, just after the US, China, Japan and Germany. The World Bank’s December report titled “Navigating the Storm” highlighted that India is better prepared than all other emerging markets to face global reductions.

In addition, political reforms and steady FDI inflows shielded the Indian economy from volatility in global portfolio flows. Today, sectors including IT, cloud services, big data, AI and IoT support the nation’s GDP with up to $200 billion.

According to a Chainanalysis report, India ranks in the top five when it comes to cryptocurrency adoption, along with sixth place for DeFi adoption. The US-India Strategic Partnership Forum (USISPF) report titled “India’s $1 Trilli…

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