NASSCOM: The Cryptotech Industry Could Add $184B Of Economic Value
NS crypto industry in india has the ability to add $184 billion of economic value, in the form of investment and cost savings, by 2030, According to a report by the country’s leading trade body for the tech industry. report title “Crypto Industry in India,” was published by National Association of Software and Services Companies (NASSCOM) In conjunction with the Binance-owned crypto exchange WazirX.
The “cryptotech” industry – companies involved in trading, payments, remittances, retail and more – is expected to reach a size of $241 million in India by 2030, and $2.3 billion globally 2026. The industry currently employs 50,000 people in India, a number that NASSCOM expects to grow to over 800,000 by the end of the decade.
Important facts for all competitive exams:
- NASSCOM President: Rekha M Menon;
- NASSCOM Headquarters: New Delhi;
- Establishment of NASSCOM: 1 March 1988.
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