India Emerges as Global Web3 Powerhouse, Set to Top Developer Charts by 2028

India is quickly becoming a global leader in the Web3 ecosystem, with Hashed Emergent’s latest report estimating that India will emerge as the largest region for Web3 developers by 2028. The report, named India Web3 Landscape, highlights India’s explosive growth in blockchain developers, innovation, and startup activity—a promising trajectory for the country’s digital economy.

In 2024 alone, more than 4.7 million Indian developers onboarded to GitHub representing 17% of all new global Web3 developers, and hence established India as the second largest regional base for crypto and Web3 developers globally, second to the United States.

The report also details the contributions of Indian developers in the Web3 space:
– 45.3% are contributing by coding and building new projects
– 29.7% are contributing by fixing bugs or enhancing functionality
– 22.4% are contributing through writing and maintaining documentation
– 2.6% are contributing in other ways

Additionally, and importantly, the growth is youth-driven. More than 50% of developers came into Web3 in the last two years; furthermore, the majority of these developers are under the age of 27. This serves as indication of a significant grassroots movement among India’s youth towards decentralized technology (with recent project underpinnings including NFTs, DeFi platforms, gaming protocols and real-world asset tokenization).

Education & Entry Points

Hackathons and college collaborations are key entry points for this talent surge. Web3 companies are increasingly forming partnerships with universities in regions like Odisha, Bhubaneswar, Chennai, and Kerala, where students are introduced early to blockchain technologies. This ensures a steady, future-ready talent pipeline that can meet the needs of India’s growing Web3 economy.

Startup Ecosystem & Investments

India now ranks third globally in the number of Web3 startup founders, with over 1,200 startups operating across various blockchain domains. According to the report, Indian startups raised $564 million in 2024, representing a 109% increase compared to 2023. The total investment in the Indian Web3 ecosystem has now surpassed $3 billion.

Venture capital interest—both domestic and international—is booming. The report highlights significant backing from global VC funds, Indian investors, and ecosystem grants from Layer 1 and Layer 2 blockchain platforms.

Key Investment Areas

The top three focus areas for investments in India’s Web3 space are:

• Artificial Intelligence (AI) integrated with decentralized technologies

• Real-World Assets (RWAs) like tokenized property and commodities

• Staking solutions for DeFi and Layer 1 network scalability

A Digital Future for India

According to Tak Lee, CEO of Hashed Emergent, India’s success in Web3 is powered by its “technological agility, entrepreneurial energy, and widespread digital adoption.” This momentum is not just limited to individual developers—it’s being fueled by enterprises, retail investors, and government-backed initiatives adopting Web3 solutions.

With this combination of young talent, strong institutional support, and rising investor confidence, India is uniquely positioned to lead the next wave of global blockchain innovation by 2028.