Credit card additions, record high loans hint at pick-up in consumption - Economic Times

To be sure, a reversal in the rate trends could impact spending on borrowed funds. India's central bank has raised rates twice in the space of a month beginning early May to restrain inflation.

Credit card additions and expenditures climbed at the fastest pace in May in recent quarters, underscoring the fading impact of Covid-induced disruptions on consumption habits, as an increasing numbe… [+2537 chars]

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