Paper Title
THE STUDY ON CRYPTOCURRENCY\'S IMPACT ON THE INDIAN ECONOMYAbstract
The aim of this study is to examine the reasons for the rise of cryptocurrency in India and to outline the possible advantages and disadvantages of its adoption for the country\'s economy. Design, technique, and approach: To characterise the influence of cryptocurrencies on the Indian economy, descriptive research is being conducted. The basic data, which covers attitudes, views, and cryptocurrency usage, is gathered from a survey of 700 Indian consumers. The survey is disseminated by email and social media, and it is completed online utilizing a web-based platform. Results - Cryptocurrencies have the potential to lower transaction costs for cross-border transactions, offer a new route for investment, and help the unbanked population become financially included. Additionally, it can stimulate foreign investment in India\'s economy and advance its technological advancements. On the other hand, there are worries about the usage of cryptocurrency in illegal activities including financing terrorism and money laundering. Originality: It\'s yet unclear how cryptocurrencies will affect the Indian economy. It offers opportunities as well as challenges, but in order to maximise the potential advantages while minimising the dangers, a cautious and balanced approach is required. To find out the true benefits that investors in cryptocurrency are receiving, however, more empirical research must be conducted in the future.
KEYWORDS : investors, cryptocurrencies, consumers, financing, economy.