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CREDIT CARD SPENDING JUMPS 23% TO Rs 2.17 LAKH CRORE IN SEPTEMBER
The Business Guardian
|November 10, 2025
Credit card spending in India surged 23% year-on-year to Rs 2.17 lakh crore in September 2025, driven by festive demand, GST cuts, and rising card usage, according to CareEdge.
Credit card spending in India rose sharply by 23 per cent year-on-year (YoY) to Rs 2.17 lakh crore in September, driven by festive season offers, GST rate cuts, and a rise in card issuances that boosted discretionary consumption, according to a report by CareEdge.
On a month-on-month (MoM) basis, spending grew 13 per cent, underscoring robust consumer sentiment, though the expansion was slightly lower than the 24 per cent growth recorded a year earlier.The total number of outstanding credit cards increased to 11.3 crore in September 2025, up 7.0 per cent YoY and 1.0 per cent MoM, from 10.6 crore in the same period last year.
This story is from the November 10, 2025 edition of The Business Guardian.
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