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Premium Credit Card Market in India Set for Skyrocketing Growth
Apr 19, 2010
According to our latest research report "Indian Payment Card Market Forecast to 2012", the premium credit card market in India has been witnessing remarkable growth in the years of financial global downturn. Despite rising credit card debts and poor infrastructure present in the country, it is believed that the premium credit card market will keep its future upbeat and will experience outstanding growth in coming years. RNCOS has anticipated that with the increase in income of middle-class households in India and the changing consumer preferences, the premium credit card market will grow at a CAGR of around 59% during FY 2010 to FY 2013.
We have done extensive research and prudent analysis of the Indian premium credit card market in order to understand the drivers that will continue to serve as growth savior for the market in years to come. The report also gives insight into the active participation of banks in the promotion of usage of premium credit cards to its customers.
Besides this, various factors propelling the growth of the payment card industry in the country have been thoroughly evaluated in the report. In addition to this, the existing as well as the new range of cards introduced by the government in recent years, for varied purposes, has been extensively discussed in the report. Our research also gives an overview of the factors that may hinder the growth of the payment card industry in the coming years. Our research indicates that the Indian payment card market is highly untapped, and is still at its nascent stage due to a very low level of penetration in terms of payment cards usage.
“Indian Payment Card Market Forecast to 2012” gives a broad research and rational analysis along with reliable statistics of the payment card market in India. The report has thoroughly examined current market trends; industrial developments and competitive landscape to enable clients understand the market structure and its progress in coming years. Brief overview of the key market players including ICICI Bank Ltd, HDFC Bank Ltd, Citibank NA, State Bank of India and Punjab National Bank are also there in the report. Most importantly, the report gives future outlook for all the important aspects of the industry considering the effects of global economic crisis on base drivers, opportunities and challenges faced by the credit card industry in the country. It will help clients to have a proper insight in the current and future outlook of credit cards market in developing economies.
For more information visit: http://www.rncos.com/Report/IM006.htm
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