With metro markets maturing and card penetration plateauing, the focus for credit card and durables lending is expected to shift to Tier 2 and Tier 3 cities in the coming years. Government-backed financial literacy campaigns and the widening digital payments ecosystem are bringing first-time credit users from these regions into the fold.
To navigate rising capital costs and compliance burdens, lenders are expected to lean heavily into co-lending arrangements and embedded finance partnerships. These models allow for shared risk, better capital efficiency, and stronger consumer insights.
The consumer shift towards electric vehicles (EVs), supported by state-level subsidies, improved charging infrastructure, and falling ownership costs, is set to stimulate growth in auto lending—particularly in the two-wheeler and small EV car segments.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in India with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in India, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See all of our definitionsThis report originates from Passport, our Consumer Credit research and analysis database.
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