Chart of the Week: India's retail loans will reach $566.7b in 2023

It reached a 17% CAGR to $319.1b in 2018.

Retail loans in India posted a compound annual growth rate (CAGR) of 17.5% from 2014 to 2018 to hit $319.1b (INR22.2t), and is projected to reach $566.7b (INR39.4t) in 2023, reports GlobalData.

However, the dampening economic growth and downturns in auto sales may disrupt its pace of growth over the next four years.

Home loans comprised the lion’s share with 52.2% of total balances in 2018, followed by personal and auto loans at 43.8% and credit cards at 4%.