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2 clusters · 2 sources · 17 days · First seen · Last updated
India cryptocurrency market growth
Overview
India’s cryptocurrency market is projected to expand significantly over the next decade, growing from an estimated $3.04 billion in 2025 to $14.21 billion by 2034. This represents a nearly 4.7-fold increase.
Despite the implementation of restrictive taxation and compliance measures, such as a 30% tax on virtual digital asset gains and a 1% Tax Deducted at Source (TDS) mechanism, adoption continues to accelerate. India held the top position in the 2025 Global Crypto Adoption Index, showing leadership in retail, centralized finance (CeFi), decentralized finance (DeFi), and institutional activity.
The anticipated growth is attributed to a diversifying ecosystem that includes blockchain software, infrastructure, payments, remittances, wallets, and exchanges, rather than being driven solely by domestic speculative trading. In 2025, software is expected to comprise 56.07% of the market.
Entities
India · Swathi Arunaa · Niko Partners · Frost & Sullivan · Chainalysis
Timeline
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12 days ago
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29 days ago
[BUSINESS] 3 sourcesIndia crypto market projected to reach $14.21 billion by 2034India’s crypto market is forecasted to reach $14.21 billion by 2034, driven by high adoption in DeFi, CeFi, and infrastructure despite strict taxation and regulatory friction.
Sources
aijourn.com · ohsem.me