Financial literacy is crucial for encouraging positive investment behavior and promoting financial inclusion, ultimately contributing to economic growth. Despite India's high household savings rate, there is a disparity in the investment behavior of households. The NCFE's 2019 financial literacy survey revealed that rural households displayed strong financial attitudes (89%), but their financial knowledge (45%) and behavior (51%) were lacking. This indicates that while rural households are eager to manage finances and save, they lack the necessary financial knowledge and behavior. Recent...
Financial literacy is crucial for encouraging positive investment behavior and promoting financial inclusion, ultimately contributing to economic grow...