Web3 To Create 2.2 Mn Jobs In India By 2032: Let’s See How

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According to a recent report by Primus Partners, Web3 sector has the potential to generate around 2.2 Mn jobs in India over the next 10 years.

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Report claims that India hosts 11% of the global Web3 developer community, with 900+ enterprises in 2022.

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As per the report, Web3 sector expected to add $1.1 Tn to India's GDP by 2032.

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The Web3 transformation will impact all the sectors including supply chain management, healthcare privacy, education, certification, voting systems and identity management.

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Prrimus also pointed to the Finance Act of 2022, claiming that it led to a trade shift to foreign platforms and the grey market.

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The survey also suggests a need for adjusting the tax framework to support compliance and encourage participation in monitored transactions, rather than discouraging it.

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It underlines the importance of clear guidelines and specific regulations for Web3 businesses, in line with Startup India recognition.

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Read the full analysis of Primus Partners Report

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