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India Credit Card News Today : Breaking News, Live Updates & Top Stories | Vimarsana

India s record high credit card spending indicates a potential risk

Credit card spending in India reached a historic high of 1.48 trillion rupees ($17.8 billion) in August, raising concerns about potential defaults. This surge in spending comes as indebted households are borrowing more in preparation for the festive season, highlighting a trend of increasing indebtedness and decreasing savings among Indians.

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