Growing Importance Of Financial Literacy In India
Financial education helps in understanding the real value of wants, thus providing assistance in spending and saving attitude
Financial literacy is not a profession to be taught, it’s a need that our economic future demands. The current financial scenario continues to go through both micro and macro-level changes impacting not just the global economies but our pockets as well. Financial literacy aims to create awareness around sustainable management and allocation of money. It helps us in making informed decisions on our budgeting, savings, spending and investing activities.
Financial education not just helps in individual growth, but rather creates a self-reliant ecosystem fostering financial independence. The concept of financial freedom plays an essential role in the growth of developing economies like India, which are progressing rapidly. Besides the many benefits, it is crucial to note that financial literacy is a pressing priority not just for individuals but for country’s economy as well.
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