New Delhi, Aug. 2 -- India's credit-eligible population has increased from 79 crore in 2017 to 89 crore consumers in 2026, a study by TransUnion CIBIL over the period from March 2017-2026 showed. Of these eligible adults, around 74% of Indian adults have accessed a loan at least once in these past 10 years, it added.

In terms of demographic, the credit footprint expansion is being driven by women, younger borrowers and non-metro regions. Among the regions, growth in Uttar Pradesh, Madhya Pradesh and Bihar is outpacing that of traditional strongholds in the west and south India, the report added.

Bhavesh Jain, MD and CEO of TransUnion CIBIL identified that in the period of the study, India saw "momentous changes" such as demonetisation, ...