India has once again proved its power in the technical world. In 2024, India contributed 17% of Global Web3 developers, reflecting an unprecedented 28% annual increase. This increase occurred with the joining of more than 4.7 million new developers on platforms like Github. Due to this growth, the share of India’s web3 builders is now more than 8% and it is estimated that by 2028 India will become the world’s largest web3 development hub. Let’s know about this in detail.
India’s web3 developer expansion and international rank
India, which is already included in the world’s major Generation Hub, is growing rapidly towards strengthening its position in Web3 Generation. Web3 Builders are those software engineers who Blockchain generation Create decentralized applications and systems based on. India’s contribution is the largest in the region, which is the highest growth rate among developers around the world, with 28% annual increase. The impact of the population of India’s web3 developer on the global level is clear, and India may become the largest web3 developer hub by 2028, beating India in the coming years.
Although many developers in India are new to the Web3 space, their number is increasing rapidly. The biggest role in this growth is the platforms such as Hacathan, where new developers get an opportunity to make their debut in the web3. 85% of developers in India are under 27 years of age, which is a sign of new energy for the region.
India’s prominence in web3 and crypto space
India is not only ahead in the case of web3 developers, but has also become the second largest power in the case of Crypto Builders. 11.8% Crypto Developers are located in India. Apart from this, there is also a tremendous increase in the field of web3 gaming of India. Web3 gamers spend double from traditional gamers ($ 220 vs $ 120 annual). India’s gaming industry is expected to reach $ 9.2 billion in the next five years, with the web3 gaming.
Web3 Startups in India earned an investment of $ 564 million in 2024, which is 109% higher than the previous year. With this, the total investment has crossed $ 3 billion.
Conclusion
For India Web3 and Crypto The future looks very bright in space. With a large number of new developers, investment growth and increasing impact of Web3 in the gaming sector, India will soon become Greatest International Web3 Developer Hub. However, it is necessary that the Government of India adopt strong regulatory, tax and policy framework for the web3, so that trade and development will be promoted. By taking the right steps in this direction, no one can stop India from reaching new heights in technical space.
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