Credit Cards in India industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- A credit card is a financial product provided by a bank or financial institution that enables the cardholder to borrow money up to an established credit limit for making purchases or withdrawing cash. The cardholder must repay the borrowed amount, either in full or over time, with interest and fees applied if the balance is not settled by the due date. The market scope covers the consumer credit cards market.
- The Indian credit cards sector recorded balances outstanding of $31.1 billion in 2023, representing a compound annual growth rate (CAGR) of 23.8% between 2018 and 2023.
- Sector consumption volume increased with a CAGR of 14.9% between 2018 and 2023, to reach a total of 3.6 billion number of credit card transactions in 2023.
- The Indian credit card sector has experienced significant growth in 2023, driven by various factors. Key contributors to this expansion include a strong and growing economy, increasing consumer spending, and attractive reward programs. According to the Reserve Bank of India (RBI), the consumer confidence index in India reached 88.1 in July 2023, up from 77.3 in July 2022.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, 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 by both value and volume
Reasons to Buy
- What was the size of the India credit cards market by value in 2023?
- What will be the size of the India credit cards market in 2028?
- What factors are affecting the strength of competition in the India credit cards market?
- How has the market performed over the last five years?
- Who are the top competitors in India's credit cards market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Bank of Baroda
- HDFC Bank Ltd
- ICICI Bank Ltd
- State Bank of India
