Credit card in india

1. 55

   amit14_2002posted 16 years ago

   Can you assist me with the break up of credit card usage in india ?
   e.g if 87% of total expenditure is done on credit card, out of which 8-10% on apparel and so on for other spend categories..

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   1. 62

      darksideposted 16 years agoin reply to this

      Sounds like you want a marketing report.

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2. 51

   PekingTravel Infoposted 16 years ago

   Try find something - RUSEQUITY.COM or RUFUNDS.com - the best information sites about finance.
   Bankby.mobi - the best site for mobile search.

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3. 60

   blerimposted 16 years ago

   try marketing sherpa

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4. 60

   jim4joposted 16 years ago

   Found this here:http://www.squidoo.com/Credit-card-in-india
   
   
   Credit card improved statistics in India
   The advent of credit cards have not just improved the buying power of individuals, but has also made it quite imperative for the vendors to be ready with their card swiping machines, or else they would end up losing big money.
   
   Since the latest statistics from the credit card companies elucidates that consumers spend nearly Rs 50,000 crore annually through credit cards, which is expected to grow at 50 percent over the next 4-5 years.
   
   At present, about 87 percent of the entire plastic money transaction is done through credit cards. Further figures state that while travel and hotel bills along with dining, account for nearly 25-35 percent of the total purchases, jewellery purchase accounts for a staggering 10-11 percent. This is followed by apparel purchase at 8-10 percent and consumer durables at 6-7 percent.
   
   "Travel has definitely become much larger a segment than what it was two years ago. Airline tickets, both domestic and international, are now bought through credit cards making it the largest category for credit card purchases," said an industry expert who did not wish to be identified.

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