The tech industry facilitating cryptocurrencies in India will achieve a value of $241 million by 2030, according to a recent report.
By that time, the crypto-tech market in India has the potential to create over 800,000 jobs, adding economic value totaling at $184 billion, according to the report issued by the National Association of Software and Services Companies (Nasscom), in association with cryptocurrency platform WazirX. The ‘Crypto Industry in India’ report also detailed that the industry will be worth $2.3 billion globally by 2026.
The report explained that many young Indian investors have been drawn to the allure of cryptocurrencies’ promising returns. In spite of regulatory uncertainty in the country, this appeal has still led to an exponential growth of the crypto-tech industry in India.