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Web3 Leaders Propose Strategic Blockchain Policy to Shape India’s Digital Future

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Web3 Leaders Propose Strategic Blockchain Policy to Shape India's Digital Future
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India’s leading blockchain and cryptocurrency organizations have presented an ambitious policy framework to the nation’s parliamentary finance committee, outlining a strategic vision to establish India as a global blockchain powerhouse within the next decade. The comprehensive proposal aims to unlock significant economic opportunities through progressive regulatory reforms and government support for Web3 technologies.

The coalition of industry stakeholders, which includes prominent entities such as Digital South Trust, KoinBX, Bharat Web3 Association, CoinDCX, BlockOn, and Hashtag Web3, met with Dr. Bhartruhari Mahtab, who chairs the Parliamentary Standing Committee on Finance. Their presentation emphasized the transformative potential of blockchain technology for India’s digital economy and its alignment with existing government initiatives.

Economic Projections and Job Creation

According to the proposal, implementing a supportive regulatory environment could generate a Web3 economy worth $100 billion while creating employment opportunities for more than 7.2 million Indians. The industry representatives also projected that such measures would attract between $1 billion and $2 billion in foreign direct investment annually, significantly boosting India’s position in the global digital asset landscape.

The delegation stressed that these projections depend on establishing clear, innovation-friendly policies that balance consumer protection with technological advancement. They positioned Web3 development as essential infrastructure for India’s long-term economic goals, particularly the government’s Viksit Bharat 2047 initiative, which envisions a developed India by its centennial independence celebration.

Proposed Regulatory Framework

Central to the submission was the recommendation to establish a National Web3 Advisory Committee that would serve as a coordinating body between various government ministries, regulatory agencies, and private sector participants. This committee would oversee the development and implementation of cohesive policies across different aspects of blockchain technology and digital assets.

The industry leaders also advocated for significant tax reforms, particularly addressing the current 30% capital gains tax and 1% tax deducted at source (TDS) on digital asset transactions. They argued that these high tax rates discourage adoption and push legitimate business activities to more favorable jurisdictions. The proposal includes comprehensive regulatory guidelines for virtual digital assets (VDAs), stablecoins, non-fungible tokens (NFTs), and the tokenization of real-world assets.

Additionally, the framework emphasizes promoting blockchain-based tokenization of traditional assets, which could revolutionize sectors like real estate, commodities, and securities trading. The delegation highlighted how these technologies could enhance transparency, reduce transaction costs, and improve accessibility to investment opportunities for ordinary citizens.

Market Outlook and Sentiment

The policy submission reflects growing institutional interest in blockchain adoption at the national level, though immediate market movements may remain subdued as regulatory discussions typically unfold over extended timeframes. The neutral sentiment suggests traders are adopting a wait-and-see approach while monitoring how Indian authorities respond to these industry recommendations.

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Written by
Logan Pierce

Logan Pierce is a U.S.-based crypto researcher and Web3 strategist with deep expertise in AI tools for crypto, Layer 2 scaling, DeFi, and on-chain analytics. With a background in software development and macro trend analysis, he breaks down complex blockchain topics into actionable insights. Logan regularly covers tokenomics, security, airdrops, and emerging technologies like zk tech, helping both beginners and advanced users navigate the evolving crypto landscape.

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