India Consumer Finance Market Opportunity, Analysis, Growth, Trends, Share & Size
India Consumer Finance Market is projected to post robust growth by 2024, owing to factors such as increasing per capita income, high economic growth, rapid urbanization, and a rise in consumer spending power. Growing consumer preference towards the use of credit cards owing to the associated benefits related to it such as reward points and a host of promotional offers like movie tickets, discounts on flight bookings, etc., is likely to drive the growth of the consumer finance segment in India during the forecast period. Additionally, the rising number of consumers opting for Equated Monthly Instalments (EMIs), available at 0% interest or low-interest rates will further propel the India Consumer Finance Market by 2024. Important Factors of India Consumer Finance Market the easy availability of different loans like home loans, car loans, and education loans across a variety of public sectors as well as private banks or financial services and the easy processing of loan reque...