India Credit Card Spending Falls 5.9% Year on Year in September
Credit card spending declined 5.9% year on year to ₹2.04 lakh crore, its first annual contraction since February 2021. The report notes last year's high festive-season base.
Credit card spending in India declined 5.9% year-on-year (y-o-y) to ₹2.04 lakh crore in September 2026, marking the first annual contraction since February 2021. However, the decline does not necessarily point to a broad-based reduction in consumer spending, as last year's high festive-season base…