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Chart of the day | India’s consumer debt to GDP ratio still minuscule

Chart of the day | India’s consumer debt to GDP ratio still minuscule
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First Published: Wed, Sep 07 2011. 10 12 PM IST

Graphic by Sandeep Bhatnagar/Mint
Graphic by Sandeep Bhatnagar/Mint
Updated: Wed, Sep 07 2011. 10 12 PM IST
While there are genuine concerns about the slowdown in consumer lending due to higher interest rates, the chart shows the immense potential that exists in India’s consumer debt market.
Graphic by Sandeep Bhatnagar/Mint
One reason for the low penetration is, of course, the comparatively low income levels. But even so, there is considerable scope for increasing consumer credit in India.
Also See | India’s Consumer Debt to GDP Ratio Still Minuscule (PDF)
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First Published: Wed, Sep 07 2011. 10 12 PM IST