Unveiling India's Web3 Landscape and Economic Potential.

  Oct 27, 2023

India’s Web3 Sector and Economy

1. What is the potential economic contribution of India’s Web3 sector by 2032?

India’s Web3 sector could contribute $1.1 trillion to the economy over the next 10 years, as per the Bharat Web3 Association report.

2. How many Web3 startups are there in India, and how many are unicorns?

India is home to over 900 Web3 startups, with five achieving unicorn status by 2023.

3. How much funding have Web3 startups in India raised in recent years?

Web3 startups in India secured $1.3 billion in funding over the two years ending April 2022.

4. What are some use cases of Web3 technology adopted in India?

Web3 technology has been applied in education, lending, real estate, service delivery, healthcare, and more across various sectors.

5. What percentage of the global Web3 developer pool is in India?

As of 2022, India hosts 11% of the global Web3 developer pool, ranking as the third-largest talent pool globally.

6. Which sectors are expected to drive Web3 and Metaverse adoption in India?

The retail sector (37%) and financial services sector (15%) are anticipated to be the primary drivers of Web3 and Metaverse adoption.

7. How can India leverage its Web3 potential to the fullest extent?

To maximize its potential, India should focus on education, innovation, and establishing a well-balanced regulatory framework for Web3 technologies.


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