Financial Literacy & Education: Present Scenario in India

The financial market has been dramatically changing after liberalization and has been offering several opportunities not only for investor but also for the corporate. Today financial services are becoming more accessible, financial market offers myriad of products with intricate features and services, leaving many people ill equipped to cope up with the sophisticated financial needs. The economies around the world have increasingly considered financial literacy as a key pillar for the development of their financial system. The financial education has grown a lot from its pre liberalization beginning to the present day conditions of post liberalization corporate era. The present study takes into accounts the different dimensions of financial literacy and education in India i.e. financial education its relevance, determinants and, role of regulatory authorities in India. The study concludes that the strategy for improving financial well-being of individuals in India should be focusing the young investors.