India set to become leading hub for Web3 developers by 2028
India is rapidly establishing itself as a global powerhouse in the Web3 sector, with a new report predicting that the country will emerge as the largest hub for Web3 developers within the next four years.
The India Web3 Landscape report, published by Hashed Emergent, highlights India’s exponential growth in this domain.
According to the report, over 4.7 million developers joined GitHub in 2024 alone, accounting for 17 percent of all new Web3 developers worldwide.
This surge has propelled India to become the second-largest base for crypto developers globally.
The report further breaks down the contributions of Indian Web3 developers: 45.3 percent are actively engaged in coding, 29.7 percent focus on bug fixes, and 22.4 percent contribute to documentation.
Key areas of focus for Indian Web3 talent include gaming, non-fungible tokens (NFTs), decentralized finance (DeFi), and real-world assets (RWAs).
Notably, more than half of these developers are relatively new to the field, having entered within the past two years, with the majority being under the age of 27.
Hackathons have played a crucial role in onboarding new developers, while Web3 firms are strengthening collaborations with universities across regions such as Odisha, Bhubaneswar, Chennai, and Kerala to introduce students to blockchain technology at an early stage.
Commenting on this momentum, Tak Lee, CEO & Managing Partner at Hashed Emergent, stated, “India’s unique combination of technological agility, entrepreneurial drive, and widespread digital adoption is fuelling this progress. We’re now seeing a renewed wave of retail participation, shifting investor dynamics, and greater integration of Web3 solutions by enterprises and the government.”
India also ranks third globally in the number of Web3 startup founders, with more than 1,200 startups operating in the sector. Investor confidence in India’s Web3 ecosystem has surged, with a 109 percent increase in funding compared to 2023. In 2024 alone, Indian startups secured $564 million in investments, bringing the sector’s total funding to over $3 billion.
The report identifies artificial intelligence (AI), RWAs, and staking solutions as the primary drivers of investment.
Both global venture capital firms and domestic investors are heavily backing Indian Web3 initiatives. Additionally, ecosystem funds from Layer 1 and Layer 2 blockchain networks are making substantial contributions, reinforcing India’s growing prominence in the global Web3 landscape.
