Financial literacy among people of Delhi: An empirical analysis

Financial markets have developed substantially in the context of long-term reforms directed at increasing market efficiency and consumer choice, with consequential benefits for individuals and the wider economy. The study reviews the literature on gender differences in financial literacy to better understand the attitude and knowledge of consumers. The study focuses on the financial knowledge, financial attitude and financial behaviour of the people in Delhi. The results indicate that demographic profile plays a significant role in financial literacy of the people. Age, experience and occupation of people have impact on the financial literacy level of people in Delhi.