Financial Literacy: An Indian Scenario

Financial literacy is nothing but knowledge about finance. The importance of financial education has improved in recent years due to the developments in financial markets as well as demographic, economic and policy changes. India is ranked number two in the list of highest financial literacy countries in the world. Moreover booming economy and new horizon of hopes makes this study really significant. The Reserve bank of India, which is the central bank, has been actively participating in the field of eradicating financial literacy in the country. In this context a project called “Project financial literacy “has already been implemented. Financial literacy in India is on the positive side now. The survey conducted by The Financial Express shows that India has made rapid progress in the field of financial education among the ten leading nations of the world.