According to Moneycontrol citing the OECD *Asia Capital Markets Report 2026*, between June 2024 and June 2025, India received approximately $340 billion in crypto asset inflows (including stablecoins), equivalent to nearly 9% of the country’s GDP, ranking first among major Asian economies in absolute terms, followed by South Korea, Vietnam, and Indonesia. The article also notes that under this metric, "inflows" refer to the total value of cryptocurrencies received by on-chain addresses associated with Indian users, which does not equate to cross-border capital inflows, nor does it prove that funds actually entered or exited India; some may involve local transactions, wallet transfers, payments, or DeFi activities.