Small-ticket loans emerge as the new engine of India's consumption boom

Small-ticket loans, specifically consumer durable loans of ₹50,000 and above, drove India's consumption boom in Q4.

Loans of ₹50,000 and above accounted for 29% of the value of new consumer durable loans in Q4, up nearly five percentage points year-over-year, per CRIF data.

The increase in small-ticket loan share indicates a shift in consumer financing toward higher-value durable purchases.