Economy · India
India's credit card penetration remains low despite asset quality improvements
Credit card penetration in India has not increased significantly, with only 8% of new additions being new to credit. This is despite improvements in asset quality, which suggests a growing credit ecosystem. The story highlights the gap between India and global benchmarks.
How outlets across the spectrum covered it
Left 1 · Centre 4 · Right 0 n = 5
- Left (1): The Hindu
- Centre (4): Deccan Chronicle, Deccan Herald, Mint, The Times of India