Financial Literacy and Urban Indian Youth

Abstract

This Project is a research on the status of Financial Literacy in India. We have looked at the Young Urban Population in India using Primary Data collected with the help of questionnaire. We have observed that income and education levels have high correlation with financial literacy, which leads to participation in financial markets. While Investor Education Programs and instruments like Systematic Investment Plans (SIPs) have been of help to increase involvement of people from lower income groups, much can done to improve the effectiveness of these programs.