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.
The "India Credit Card Market Competition Forecast & Opportunities, 2028" report has been added to ResearchAndMarkets.com's offering.
The Indian credit card market is poised to exhibit robust growth to 2028
The increasing adoption of cashless.