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Credit Card Companies see strong base in India

The use of credit card in India had doubled between 2003-04 and 2005-06, to around Rs.33, 900 crore. As on January 2007 the number of credit card users in India has increased up to 22 million. In a country like India where population is exceeding 1.1 billion, 22 million credit card users is a tiny number.

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