FINANCIAL LITERACY IN INDIA: A REVIEW OF LITERATURE

The paper aims to understand various concepts and dimensions of financial literacy by using literature-based analysis. The reviews included various parameters, such as the financial literacy of young people, employees, women and college students, and the impact of financial literacy on well-being and investment decisions. Secondary information was gathered from many publications, websites, research papers, and articles. In the context of India, there is still much work to be done in the domain of financial literacy. Numerous studies have revealed low levels of financial literacy among India’s different demographic segments and some studies have revealed moderate levels. Financial literacy is a difficult topic to describe and quantify. The definition and measurement of this idea are the focus of numerous investigations. Policy changes must be made to improve financial literacy at both the fundamental and advanced levels so that people can save and invest money more sensibly in the various market opportunities.本研究旨在通过基于文献的分析方法，探究金融素养（Financial Literacy）的各类概念与维度。本次综述涵盖了多类研究维度，包括青年群体、职场人士、女性及大学生的金融素养水平，以及金融素养对民众福祉与投资决策的影响。本研究的二手数据来源于各类出版物、网络平台、学术论文及专题文章。就印度地区而言，其金融素养领域仍存在较大的提升空间。多项研究表明，印度不同人口群体的金融素养水平普遍偏低，亦有部分研究指出其处于中等水平。金融素养是一个难以界定与量化的研究议题，针对该概念的定义与量化方法亦是诸多研究的核心关注点。亟需出台政策调整，从基础与进阶两个层面提升民众金融素养，助力大众更理性地在各类市场机遇中开展储蓄与投资活动。