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An Examination into the Link between Financial Inclusion, Financial Literacy and Investment Patterns

MANTHAN: Journal of Commerce and Management

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Title An Examination into the Link between Financial Inclusion, Financial Literacy and Investment Patterns
 
Creator Narula, Swati
 
Subject Economic Growth; Financial inclusion; Financial exclusion; Financial Literacy; Investment pattern; Financial system.
 
Description A sound financial system is considered as the backbone of an economy. This holds true especially in a country like India where still a majority of the population is unbanked or “financially excluded”. Research worldwide has pointed out that financial illiteracy is one of the major contributors of financial exclusion. The financially illiterate investor is unable to navigate the contemporary complex financial markets with ease. The financial environment in the world has undergone a tremendous change shifting much of the responsibility on the individuals to manage their finances and plan future well-being. Hence, the importance of acquiring financial literacy skills has grown manifolds. Due to this, financial literacy and financial inclusion has elicited much interest in the recent past in both developed and developing countries of the world. In this paper, an attempt has been made to identify level of financial literacy of the investors in Delhi. An investigation of the investment pattern of investors has also been done. Further, a nexus between financial literacy, financial inclusion and economic growth has also been investigated. In addition, the various efforts undertaken by the government of India and various other parties has also been discussed in detail.
 
Publisher Journal Press India
 
Date 2017-01-25
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://www.myresearchjournals.com/index.php/MANTHAN/article/view/9605
10.17492/manthan.v4i01.9605
 
Source MANTHAN: Journal of Commerce and Management; Vol 4, No 01 (2017)
2347-4440
 
Language eng
 
Relation https://www.myresearchjournals.com/index.php/MANTHAN/article/view/9605/8961