Spreading the financial literacy wave across India: National Finance Olympiad 2023
Dec 21, 2023
New Delhi [India], December 21: Financial literacy has been the buzzword in the formal education ecosystem for quite some time now and for all the right reasons. The financial literacy rate is lower in Indian adults than in other developed nations including USA, UK, and Singapore. Surveys reveal that only 27 per cent of India's population is financially literate. Additionally, only 16.7 per cent of Indian students have a basic understanding of finance and money management. Predictions state that India will continue to be the fastest-growing economy for the next decade. However, without proper financial knowledge, the country's citizens might never be able to make the most of this vast economic opportunity that lies ahead of them.