India: Credit Card Spending Doubled In The Last Three Years

May 18, 2015 11:04 pm

We spotted this stat today –

“RBI data suggest it is not just the number of cards in the system but even the spends on these cards have gone up significantly. At the end of December 2011, the spends on credit cards stood at Rs 8,532.6 crore, which has more than doubled to Rs 17,437.1 crore by the end of December 2014.”

Source

We had spotted some stats on US Credit Card Debt Vs India’s GDP some time back.

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