Current Affairs - Economy - Discussion
Discussion Forum : Economy - Latest Current Affairs (Q.No. 28)
28.
What was the year-on-year percentage increase in credit card spending in May 2025 according to RBI data?
Answer: Option
Explanation:
The RBI data clearly shows credit card spending in May 2025 grew by 14.5% year-on-year to reach ₹1.89 trillion, supported by 760,000 new card issuances. This growth reflects increasing digital transactions and consumer confidence. While other percentages appear in the context of individual bank performances (like HDFC's 25% growth), the overall industry growth figure was specifically 14.5%.
Discussion:
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