The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
Learn moreEuromonitor addresses your unique questions and challenges across all B2B and B2C industries and geographies through custom, tailor-made research projects, designed to your specific goals.
Learn moreNov 2020
US$990Added to Cart
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
Due to the impact of COVID, both gross lending and outstanding balance are expected to witness a sharp dip in growth in 2020. During the lockdown months of April and May, sales of non-essential items were not allowed by the government, while non-essential stores were not allowed to open.
India’s lockdown came into effect from 25 March 2020. All forms of movement were restricted for consumers apart from those classified as essential workers, including medical workers, the police and grocery shop owners.
The Reserve Bank of India (RBI) announced a cut in the repo rate in May 2020 to help stimulate the economy. With most banks having linked their interest rates for priority sector loans to the repo rate this benefit will be passed onto the consumer.
The measures taken to control COVID-19 have put household incomes under pressure, with many consumers suffering from financial issues due to issues such as deferred salary payments, temporary closure of businesses during the lockdown and a drop in consumer spending. In response, banks and non-banking financial companies (NBFCs) introduced so-called COVID-19 personal loans.
While banks dominate consumer lending in India, NBFCs are increasing their presence in the country through areas such as auto lending and durables lending. Indeed, NBFCs and other alternative finance providers continued to witness significant growth in 2020, despite the challenges posed by COVID-19.
Interest rates are expected to continue falling in India in the early part of the forecast period which should help to stimulate demand for consumer lending as borrowing becomes more affordable. Furthermore, real estate prices are expected to fall which could help to stimulate the market as homes become more affordable.
Files are delivered directly into your account within a few minutes of purchase.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
Delivery: Files are delivered directly into your account within a few minutes of purchase.
Overview
Discover the latest market trends and uncover sources of future market growth for the Consumer Lending industry in India with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Consumer Lending industry in India, our research will save you time and money while empowering you to make informed, profitable decisions.
The Consumer Lending in India market research report includes:
Our market research reports answer questions such as:
Why buy this report?
Euromonitor’s industry reports, including Consumer Lending in India, originate from our database within our Consumer Finance market share and market size database, Passport, a platform which analyses Consumer Finance in 46 countries and globally.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.