Festival Demand and GST 2.0 Lift Credit Card Spending in FY26
India’s credit card ecosystem witnessed a strong revival during FY26, driven by festive consumption, improving consumer confidence, and the positive impact of GST rationalisation, commonly referred to as GST 2.0. According to the latest data released by the Reserve Bank of India (RBI), credit card spending rose 13.57 per cent year-on-year (Y-o-Y) during the April–December…