Mumbai: Demand for retail credit in India’s semi-urban and rural regions continued to rise in April-June this year, reflecting the higher level of consumption even as overall credit demand in the country from younger consumers (aged 18–35) declined during the quarter, according to a TransUnion CIBIL report released on Wednesday.

The recent RBI interest rate cuts combined with the reduction in Goods and Services Tax (GST) rates and increased demand due to the upcoming festive season, are expected to boost consumer spending and stimulate lending momentum, the report states.

According to the credit market report, the growth in loan originations for younger consumers slowed to 6 per cent in the quarter under study, compared to 9 per cent in the same period last year.

This slowdown was cush

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