Credit Cards in India
SummaryCredit Cards in India industry profile provides top-line qualitative and quantitative summary information including: market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Findings
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the credit cards market in India
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the credit cards market in India
- Leading company profiles reveal details of key credit cards market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the India credit cards market with five year forecasts
Synopsis
Essential resource for top-line data and analysis covering the India credit cards market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
Reasons To Buys
- What was the size of the India credit cards market by value in 2016?
- What will be the size of the India credit cards market in 2021?
- What factors are affecting the strength of competition in the India credit cards market?
- How has the market performed over the last five years?
- How large is India’s credit cards market in relation to its regional counterparts?
Key Highlights
The credit cards profile covers the consumer credit market.
The Indian credit cards market had total balances outstanding of $7.0bn in 2016, representing a compound annual growth rate (CAGR) of 17.5% between 2012 and 2016.
According to the World Bank figures, around 67% of Indian residents reside in rural regions, there is a vast reserve of untapped potential for the Indian credit card market. The Indian government has sanctioned the opening of 11 institutions called payment banks, which can hold money but don’t do lending.
The Indian economy is experiencing a slowdown, similar to many other emerging markets.
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