The economic churn that the world and India are likely to witness following Trump's re-election as US President was among the key topics discussed in our Editorials this week. Also, how global headwinds, especially developments in the US and international oil markets, are posing a challenge in reining-in domestic inflation, and the need for RBI to take more steps to ease liquidity conditions in the economy were other areas that the Editorial section covered.
The massive Web3 talent pool residing in the country has led to innovation in diverse areas within the space. This includes decentralized finance (DeFi), metaverse, and non-fungible tokens (NFTs), among others, aiming to solve the most pressing issues facing our country. However, despite this impressive foundation, the sector's growth is hindered by an outdated taxation framework. The upcoming Union Budget offers a crucial opportunity to address these challenges and unlock the full potential of Web3 for India's economy.
