Financial Literacy The Path for Radical Growth of Indian Economy

By: Publication details: Hyderabad Association of Indian Management Schools 2022Description: Vol 8 No 1 Pg 83-112Subject(s): In: AIMS Journal of ManagementSummary: India economy is fast growing. A large portion of the population in both developed and developing nations lacks financial literacy. this can only be addressed by equipping people with the necessary financial knowledge and skills. Financial literacy affects one's ability to make financial decisions. Financial education programs can help people save more money and make better financial decisions.By minimizing monitoring costs and optimizing capital structures, financial literacy helps even SMEs develop. The researcher hopes to provide solution to improve financial literacy through this research to make India a better place.
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Article St. Francis Institute of Management and Research Available AR1028

India economy is fast growing. A large portion of the population in both developed and developing nations lacks financial literacy. this can only be addressed by equipping people with the necessary financial knowledge and skills. Financial literacy affects one's ability to make financial decisions. Financial education programs can help people save more money and make better financial decisions.By minimizing monitoring costs and optimizing capital structures, financial literacy helps even SMEs develop. The researcher hopes to provide solution to improve financial literacy through this research to make India a better place.

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