EXPLORING THE FINANCIAL ACUMEN OF INDIAN WORKING WOMEN: INSIGHTS, KEY INFLUENCERS, AND SUGGESTIONS

Abstract

Financial literacy is an indispensable aptitude to ensure sustainability and individual well- being in the future. Financial literacy is low in almost all the countries of the world thus, is of serious concern among countries around the world. The gender gap is evident in almost all the studies where financial literacy has been reported low among women as compared to men. Financial literacy leads to greater financial inclusion and economic prosperity. India’s economic growth is on rise however financial knowledge of women in the country is still low. This paper analyzes research to assess knowledge of finance of Indian working women, factors determining the level of financial literacy and further suggestion to enhance the financial knowledge and education.