Spending on credit cards declines for the first time in six months in India

Spending on credit cards decreased by more than 12% sequentially, with November’s average being around Rs 14,280 compared to October’s average of Rs 16,343.

Credit card spending overall continued to surpass Rs 1 lakh crore for the ninth consecutive month. On e-commerce platforms, credit card spending per card was around Rs 8,495, down from Rs 9,473 in October.



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