Indian Credit Card Spending to Grow at 19%By: Shushmul Maheshwari
|
Indian Credit Card Spending to Grow at 19%
|
Write a Review
Add to My Favorite
Refer it to Friend
Report Broken Link
|
According to our new research report, “Indian Payment Card Market Forecast to 2012”, payments through credit cards at point of sales (POS) terminals is projected to surge at a CAGR of about 19% in the next few years. The projected growth rate is significantly low compared to the previous growth of more than 30%, which has largely been hit by the current financial crisis affecting the Indian economy.
In past few years, credit card market has shown remarkable developments. Banks had issued more than 27 Million credit cards at the end of FY 2008, but the number has dropped in current fiscal as the current liquidity crunch has made banks more cautious on their move regarding credit card issuance. “Banks are reviewing their credit card limits in wake of the economic slowdown and credit crunch to reduce the possible risk of defaults to its existing and potential new customers. It doesn’t mean that banks will stop issuing new cards”, says a Senior Research Analyst at RNCOS.
Our report has done thorough analysis of the possible consequences of downturn on the Indian credit card market. “One should understand the fact that the credit card spending is not going to halt, but the growth will slowdown and consumers will be more cautious on their spending” says the Analyst. Consumers are still using credit cards for payment transactions. Credit card payment transactions stood at over Rs 228 Billion at the end of FY 2008. In first eight months of the FY 2009, the spending grew by more than 23% compared to the same period last fiscal, and we see double digit growth in this spending during forecasted period.
“Indian Payment Card Market Forecast to 2012” provides extensive research and rationale analysis on the payment card market in India. Having adjusted to the current market situation, the report reveals that the number of credit card issuance is projected to grow at a CAGR of nearly 15% in the forecasted period. Various factors responsible for this future growth and possible deterioration have been thoroughly covered in the research.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM006.htm
Check DISCOUNTED REPORTS on: http://www.rncos.comhttp://www.rncos.com/ |
|
| Keywords |
Indian Payment Card Market Forecast to 2012, Indian Payment Card Industry |
| Category |
Business |
| Submission Date |
Jul 13, 2009 |
| Article Contact Name |
Shushmul Maheshwari || send email to Shushmul Maheshwari
|
|
Other links at Business |
| 1. |
Indian Footwear Market to Grow at 19% CAGR
|
|
|
According to our new research report “Indian Footwear Market Forecast to 2012”, with growing demand for children and women footwear, the Indian footwear retail market is projected to grow at a CAGR of about 19% between 2009 and 2012. Low cost of footwear production is another major advantage with India which will help in sustaining footwear demand in near future.
India has tremendous untapped potential in the ladies and kids footwear segment. Moreover, no organized retailing chain has the national presence in either of these categories. Of the total footwear market, ladies’ shoes account for almost 40% wherein unorganized segment constitutes 80%-90% of the market, indicating immense marketing opportunities for organized players. As the Indian woman becoming more brand-conscious as opposed to the past state of being product-conscious, a large number of internationally renowned players are expected to enter the market to fill this widening gap. Given India’s very young population, the market for children footwear is also attractive for new organized players to enter and earn supernormal profits.
Besides, women in India are becoming a key decision maker for most of the retail buying like footwear as their role in family planning and contribution to income is increasing. They have also been found doing impulsive buying for their kids during their visit to shopping malls. Thus, this changing trend will definitely help in raising the demand for footwear in India.
“Indian Footwear Market Forecast to 2012” provides reliable and objective analysis on the trends and performance of the Indian footwear market. It gives intensive qualitative and quantitative evaluation of the market. The report also discusses all the key parameters and gives segment-wise forecasts like Men’s, Women’s and Children’s, mass, casual and premium footwear etc.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM004.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
|
| 2. |
Fashion Jewellery At jewellerywholesales.com
|
|
|
Fashion Jewellery is not just a luxury piece, but an artistic innovation that has allowed person beings to exploit resources that might otherwise have been neglected as lesser and lacking any doable use. An artistic or aesthetic meaning is one of the greatest gifts that condition has arranged to humanity. This quality has rendered man clever of perceiving the beauty of glittering and radiant metals and pebbles, leading to the development of fashion jewellery. Humanity has devised ways of adorning different parts of their bodies with these resources to enhance their appearances. Jewellery is now a commodity joint to almost every creature civilization or ethos that exists on this earth.
Human beings have diverse tastes and, hence, fashion jewellery in different cultures can be made using different kinds of resources. However, the Western civilization has forever appreciated and continues to accept precious metals and sporadic reserves collectively dubbed as gemstones, as the proponents of fashion jewellery making. Rare and attractively glittering metals like gold and silver have forever been considered as assets in this regard and same is the situation with diamonds. These materials have been used for millennia in making fashoin jewellery.
The last century witnessed the development of precision tools specialized for conniving fashion jewellery. With other nominal advancements – not to allusion the development of fashion jewellery designing software – the adorn activity has progressed significantly. Thousands of designers all over the world nowadays are reaping the repayment of this extremely lucrative industry. Jewellery nowadays has permeated every socio-efficient and cultural strata of the creature institute.
Many cultures also judge fashion jewellery as financial assets. This especially stanch for gold and silver. The debate is that gold and silver, unlike precious pebbles, can be melted and remade into other jumble, making them more versatile commodities than precious pebbles. Even splendid families and monarchs have considered fashion jewellery as monetary assets for the noble assets or exchequer. Jewellery has then been a powerful emblem of condition and rule in the being people and it is totally likely that this will last even in the prospect.
In perceive of the above points, it is utterly evident that purchasing fashion jewellery can be important decisions not just for an individual, but for his or her whole family. To simulate that fashion jewellery is doomed wholly for the womanly gender would be extremely inaccurate. In detail, different jewelleries are also developed expressly for men. Of course, men’s fashion jewellery is usually not as exorbitant or gaudy as curios meant for women.
Jewellery wants to be reserved sensible right. Specifically for this function, fashion jewellery boxes are also unfilled in the advertise today. These firmly designed boxes have several shelves and chambers that are specialized to take detailed kinds of jumble. The use of these boxes ensures that one can certainly keep marks of his or her ornaments and certainly note if any of them goes misplaced for some reason or the other. Being precious objects, fashion jewellery has always been a favourite object for thieves and then, should be kept orderly and protected.
|
| 3. |
Copper, Copper washer, Steel washer, Aluminum waher, Washer supplier, washer
|
|
|
Manufacturer and Exporter of Copper washer, rubber washer, Steel washer, Aluminum washer, washer, Fasteners, spare part. We are supplier of Copper, U Bolt, Check Nut, Auto Bolts, Auto Parts, Washer from India.
|
| 4. |
Active Construction Sector Spinning Steel Imports in UAE
|
|
|
Our new research report, “UAE Steel Industry Analysis”, says that the demand for steel in the Gulf Cooperation Council (GCC) surged to 20 Million Metric Tons in 2007, and is projected to grow at a CAGR of around 14.5%.
According to the report, the GCC region has established itself as a major player in the global steel industry over the last few years and played a critical role in increasing the global steel consumption during 2000-2006. While the global steel consumption during 2000-2006 witnessed a CAGR growth of 6%, consumption in the GCC region grew at a CAGR of good 8% on account of rising use of steel in various forms.
Within the GCC region, the UAE has emerged as a key player in steel industry. The growth in the UAE steel industry is led by soaring import that rose from 4,437 Million Tons in 2004 to 6,514 Million Ton in 2006. The import of all forms of steel, such as HRC, CR and coated sheet (except Semis), have grown at a rapid pace, highlighting that the steel demand is being led by highly active construction sector.
According to the report, with giant real estate and infrastructure development projects like roads, airport, power lines, bridges and metro kicking off almost everyday in the UAE, the volume of imported steel has been increasing sharply. Steel import in the country is expected to continue to rise in coming years as many of these projects are in the nascent stage and construction activities are projected to grow at a CAGR of about 12.8% by 2010.
“UAE Steel Industry Analysis” is a comprehensive report on the growing steel sector in the UAE. It thoroughly studies the market trends, evolving markets and growth prospects. By intensively examining and correlating the past market trends and base drivers in the UAE steel industry, the report forecasts the future growth of the industry. It assesses the current status of the steel industry in the UAE and GCC region to identify investment opportunities for global investors.
The report provides forecast on steel production by country, rebar steel consumption by country and construction industry.
For more information visit: http://rncos.com/Report/IM135.htm
Current Industry News: http://www.rncos.com/Blog/
|
| 5. |
WOWzzy.com
|
|
|
WOWzzy.com is a marketing platform with tools that allow you to create and easily manage your own Web Profile. Create and distribute marketing campaigns over the internet
|
|
|
