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Credit Cards in India

Summary

Credit Cards in India industry profile provides top-line qualitative and quantitative summary information including: market size (value 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

- The credit cards profile covers the consumer credit sector.
- The Indian credit cards sector had total balances outstanding of $12.6bn in 2018, representing a compound annual growth rate (CAGR) of 29.8% between 2014 and 2018.
- The gradual relaxation of monetary policy in India since 2014 has stimulated demand for credit, and increasing financial inclusion, manifested through the strong growth of credit card penetration in recent years, has driven growth in this sector.
- The strong growth in credit penetration in India has been facilitated by Indian banks, which have been issuing credit cards more easily due to improved accessibility to credit scores from credit information firms such as CIBIL.

Scope

- 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

Reasons to buy

- What was the size of the India credit cards market by value in 2018?
- What will be the size of the India credit cards market in 2023?
- 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?