India’s Credit Card Spending Hits 7-Month Low Amid Rising Household Debt


India’s credit card spending declined to a seven-month low in February 2025, falling to ₹1.67 trillion from ₹1.84 trillion in January, according to the Reserve Bank of India (RBI). This decline comes amid rising household debt and slowing salary growth, which has lagged behind inflation, making discretionary spending more challenging for many Indians. Credit Card … India’s Credit Card Spending Hits 7-Month Low Amid Rising Household Debt