Financial literacy, Savings and Investment behaviour of IT professionals

Abstract

India's IT sector significantly contributes to the country's GDP. Savings and investments are essential for accelerating economic growth and elevating India. The goal of this study is to investigate the saving opportunities, investing behaviour, and degree of financial literacy among IT professionals. IT professionals have a distinct perspective when they decide to invest in a certain avenue and they want their money to be invested in the most safe and liquid method possible. These are just a few examples of the many characteristics of savings and investment behaviour. Their investing goals likewise vary, ranging from monetary stability to extra revenue and so forth. The study looks at how people's savings and investing choices are related to their degrees of financial literacy. A structured questionnaire was used for the primary survey analysis of 90 IT professionals employed in India's national capital area. The results demonstrate a substantial link between investment decisions and perceived financial knowledge.