admin

India’s Credit Card Market Crosses 100 Million, but Rising Defaults Raise Red Flags

India’s credit card market has undergone a significant transformation, evolving from a luxury product to a crucial financial tool. As of February 2024, more than 100 million credit cards have been issued, and credit card spending has surpassed USD 220 billion for FY24. The market is led by prominent players such as HDFC Bank, State India’s Credit Card Market Crosses 100 Million, but Rising Defaults Raise Red Flags

Riding the Wave of Growth: India’s Electrical Consumer Durables Market Set for Continued Expansion

The Electrical Consumer Durables (ECD) industry in India experienced significant growth in FY 2023-24, driven by strong consumer demand for premium products. This positive momentum is expected to continue into 2024, with projected growth of 7-9%. The expansion is fueled by various factors such as rural electrification, a growing real estate sector, rising per capita Riding the Wave of Growth: India’s Electrical Consumer Durables Market Set for Continued Expansion

Affordable Housing Revolution: India’s Housing Finance Industry Eyes Rapid Growth

The Indian housing finance industry has experienced substantial growth in recent years, driven by factors such as increasing urbanization, rising disposable incomes, and supportive government initiatives. It plays a pivotal role in providing affordable housing, contributing to economic development and addressing the nation’s housing shortage. From FY18 to FY23, the housing finance market grew at Affordable Housing Revolution: India’s Housing Finance Industry Eyes Rapid Growth

From Challenges to Chances: India’s Path to Global Textile Dominance

The global textile industry, one of the largest sectors worldwide, is currently navigating through a period of significant transformation and opportunities. The industry has embraced innovative techniques that align with the UN’s Sustainable Development Goals (SDGs), underscoring the importance of environmentally conscious production practices. At the same time, geopolitical and economic shifts have presented both From Challenges to Chances: India’s Path to Global Textile Dominance