Published September 7, 2018
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Journal article
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Financial Literacy: An Awareness Study
Authors/Creators
- 1. Assistant Professor, DoS & R in Business Administration, Tumkur University, Tumakuru, Karnataka (India)
- 2. Assistant Professor, DoS & R in Business Administration, Tumkur University,Tumakuru, Karnataka (India)
Description
Financial literacy is often understood only in the contemporary context. The phrase conveys something comprehensive and yet it is interpreted in a limited manner. It is interpreted as the ability to understand finance – in particular, the skill sets that one needs to possess to make informed and effective decisions through their understanding of finances. This interpretation is right but by no means exhaustive. If this narrow interpretation is invoked, then only a small percentage of Indians will qualify as a financially literate people.