Literacy of Financial System among Youths in India
Abstract
The paper investigate on the influence of various factors on different dimensions of financial literacy
among the youths in India. While the influence of several factors such as gender, education and
income is similar to what has been reported in other contexts, a few factors specific to India, such as
joint-family and consultative decision making process are found to significantly influence financial
literacy. The study also investigates the relationship between the dimensions of financial literacy.
Adding to the growing empirical understanding of financial literacy across countries, the study
provides an analytical basis for enunciating policy for enhancing financial literacy of youth in India.
Keywords: Financial Literacy, Financial Knowledge, Financial Behavior, Financial Attitude, Youth,
India