India retail credit rises 15.8%, but durable and card demand remains muted
Retail lending grew 15.8% year-on-year in June 2026, led by housing, vehicle, jewellery and education loans, according to Haitong Securities India. Consumer-durable lending declined while credit-card receivables rose by about 2%, pointing to uneven discretionary-finance demand.
India’s retail lending grew 15.8% year-on-year in June, supported by housing, vehicle, jewellery and education loans. Consumer-durable lending declined and credit-card receivables rose only about 2%, signalling uneven consumer-finance demand for retailers.
Why this matters
No related recent signals are available for Haitong Securities India; the June 2026 data sets a baseline of strong retail-credit growth alongside muted durable and card demand.
Retail-company signals are accelerating, up +225133% QoQ.