Crypto, Web3.0, and Blockchain Could Help Indian Industry Reach $ 1.1 Trillion Growth

A new technological age is coming and India does not want to miss this opportunity, especially if India can be used to develop the economy.

This was revealed in a joint statement from the US-India Strategic Partnership Forum (USISPF) and CrossTower.The report shows that over the next 11 years India's economy could grow by $ 1.1 trillion thanks to digital assets..

This report shows that India can use web3.0 to support digital assets and blockchain technology, following the digitalization of finance.

Mukesh Agi, President of USISPF, said: "According to Prime Minister Narendra Modi's vision, India expects to become a $ 5,000 billion economy by 2024-2025," Mukesh Agi said , President Respected by USISPF.Due to the adoption of digital assets, digital assets are expected to become more efficient in many countries over the next 11 years. He hopes to help India meet its target of $ 5,000 billion."

CrossTower CEO and Co-Founder Kapil Rathi points out that India is a natural pioneer and Web3.0 will force India to use its basic resources: Tech-savvy young people as entrepreneurs are playing in the whole world. Leader in digital products and Web3.0.

Rathi added, "With the rule of law and the rule of law, the Indian government can bring security, hope and prosperity to India."

It is all speculation as the rules are not yet clear and there are no court rulings, but these warnings can help the government recognize the potential of the correct economy..

In the long run, the use of digital devices has increased dramatically and its growth has almost doubled on the Internet.

According to statistics, it takes 7.5 years of the internet to reach 1 billion users, but cryptofield can complete this measure in 4 years.

The report states that “Web3.0 could support the Indian market growth of $ 1.1 trillion over the next 11 years, but only in accordance with rules and regulations. "The global financial services industry is expected to reach over $ 22 trillion in 2021 and $ 28 trillion in 2025.."

When a business is regulated, it is more likely to be adopted. With India now focusing on crypto, blockchain, and Web3.0, adoption in the crypto industry could be faster if policies could drive, if not intervene, breakthroughs.