Retail Credit, per Crisil Intelligence, IBEF, BCG, CareEdge Ratings, Oct 2026 (independent research).
Source: Crisil Intelligence, IBEF, BCG, CareEdge Ratings, Oct 2026 [1]
India's retail credit market reached Rs. 82,00,000 crore (USD 937 billion) in FY25, growing at a CAGR of 15.1% between FY19 and FY25. Digital lending adoption and co-lending frameworks enable NBFCs to broaden credit access to first-time and underbanked borrowers through paperless onboarding. [1]
| Figure | Period | Value |
|---|---|---|
| Indian Retail Credit Market Size [1] | FY2025 | US$937 billion |
| Indian Retail Credit Market CAGR [1] | FY2019–FY2025 | 15.1% |
| Indian Fintech Market Size [1] | 2025 | US$150 billion |
| Topic | Figure | Period | Value |
|---|---|---|---|
| Technology | Indian Retail Credit Market Size [1] | FY2025 | US$937 billion |
| Technology | Indian Retail Credit Market CAGR [1] | FY2019–FY2025 | 15.1% |
| Technology | Indian Fintech Market Size [1] | 2025 | US$150 billion |
According to Crisil Intelligence, IBEF, BCG, CareEdge Ratings (October 2026), the retail credit market was US$937 billion in FY2025.
Crisil Intelligence, IBEF, BCG, CareEdge Ratings projects continued growth, a growth rate of 15.1% a year over FY2019–FY2025. Forecasts are the source's, not FinMinutes'.
Built from 1 source: 1 independent research. Each figure carries its source number, which links to the full source list with dates and page references.
Figures are quoted from the sources listed above, with their dates and page references. They are not FinMinutes estimates and are not a recommendation about any security. All industries →