Dr. Ajay Kumar
Commerce
June 2021
The report examines the state of bitcoin adoption in India at the moment, highlighting its effects, motivators, and ramifications for several Indian economic sectors. The research evaluates the demographic profile of bitcoin users using a descriptive and analytical methodology, and it finds that the user population is primarily younger, more educated, and more prosperous. While there is only minimal usage of cryptocurrencies in India, there is rising interest among consumers and companies, according to data gathered from a sample of 250 respondents. The research also looks at how cryptocurrencies may affect industries including real estate, taxation, banking, finance, e-commerce, and remittances. It finds that opinions on the advantages and disadvantages of cryptocurrencies vary. India has a leading position in the global cryptocurrency sector when compared to other nations. In order to strike a balance between innovation and market stability, the research finishes by making policy recommendations to the Indian government.
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© Airo Journals 2021
