India’s credit card spending dropped to a seven-month low in February 2025, falling 9% MoM to ₹1,672 billion due to seasonal trends and cautious consumer behaviour. However, YoY growth remained at 12%, with market consolidation impacting new card issuances.

​India’s credit card spending dropped to a seven-month low in February 2025, falling 9% MoM to ₹1,672 billion due to seasonal trends and cautious consumer behaviour. However, YoY growth remained at 12%, with market consolidation impacting new card issuances.