Affluent Indians spent the nationwide lockdown that forced billions to stay at home on digital subscriptions, by stocking up on medicines and cooking, said a report by digital platform, Cred.
According to the report, even as general credit card spending dropped, some categories witnessed a substantial rise, both during the first two weeks of the lockdown and subsequent extensions, including digital subscriptions for services such as over-the-top (OTT) streaming platforms, online classes and e-newspapers, for both learning and entertainment purposes.
In a city-wise analysis, Delhiites felt the need to tank up, which led to a substantial increase in fuel spends on their credit cards, by up to 50% in the first week of the lockdown that