By 2035, metaverse might impact the Indian economy by $79–148 billion

According to the study, India has the largest mobile gaming industry in the world because games are an essential gateway into the metaverse.

A Deloitte study estimates that the metaverse could have an economic impact of $79 to $148 billion in India by 2035, translating into 1.3% to 2.4% of the country’s GDP.

The country is demographically positioned to contribute digital labour to the metaverse, producing the world’s highest number of STEM graduates.

It is estimated that by 2035, the metaverse in Asia could contribute about 1.3 to 2.4 per cent of Asia’s GDP, according to a report entitled ‘The Metaverse in Asia — Strategies for Accelerating Economic Impact’.

“Beyond its obvious demographic advantage, attitudes of its population towards the metaverse are more optimistic than the rest of the world. The metaverse could open up exciting opportunities for tech talent in India,” said Jehil Thakkar, Partner, Media and Entertainment sector leader, Deloitte India.

The report also states that digital payments, gaming, and entertainment are the key sectors that can impact India.

“Digital payments will be a crucial component of the metaverse to trade digital assets. India could feature strongly in this development, as she has the highest rates of real-time digital payments in the world,” the report said.

The awareness of the metaverse is high in Asia, and several metaverse platforms are already used in gaming, socialising, creating digital twins, attending concerts, and purchasing items. However, advanced usage of this technology is still a distant dream

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