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Usage of Credit Cards Surging in India
Dec 13, 2010
According to our research report “Global Credit Card Industry – Emerging Markets”, the number of credit cards in India has witnessed noteworthy growth during the recent years. It has been found that the number of credit cards will reach around 28 Million by 2014, reflecting a CAGR of around 13% during the forecast period (FY 2011 to FY 2014).
An extensive research and prudent analysis has been done on the India credit card market to understand factors that will continue to serve as growth saviors for the market during the coming years. The report identified that various factors such as, increasing trend of e-shopping and changing consumer pattern have resulted into the higher usage of credit cards in the country.
Besides, it is anticipated that the future prospects of the credit card industry will remain buoyant owing to the low credit card penetration coupled with rising income in view of its safety and easy access. There are several other benefits like reward points and discounts by merchants as well as bankers, which will lure customers to shop by their credit cards. Moreover, the increasing trend of e shopping has also provided the impetus to the growth of this industry. This huge demand for credit cards is providing tremendous growth opportunities for credit card issuers, suppliers, and manufacturers in the country.
While there are several factors that may keep the credit card market growth on track in future, India has to deal with many restraints to sustain the growth momentum. Our report provides valuable information about all the obstructions of the industry to enable clients understand them and devise appropriate strategies accordingly.
"Global Credit Card Industry - Emerging Markets" provides thorough research, rational analysis, and authentic data of the credit card industry in emerging markets like Brazil, Mexico, South Korea, Russia, Poland, and China. It provides deep insight into each of the industry parameters like, market attractions, market performance, and roadblocks in these emerging markets. Most importantly, the report presents future outlook for all the important aspects of the industry considering the effects of global economic crisis on base drivers, opportunities, and challenges.
For more information visit: http://www.rncos.com/Report/IM167.htm
For more information visit: http://www.rncos.com/Report/IM167.htm
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