Name: Ravi Krishan Koul
Country: India

Year: 2024
Volume: Volume-15, Issue-2 (July-December)
Page Number: 193-195

Financial literacy serves as a fundamental driver of a nation's economic progress, playing an especially vital role in emerging economies like India. In alignment with the vision of Viksit Bharat ("Developed India"), enhancing financial literacy is not merely an objective but a crucial requirement for fostering inclusive growth, minimizing socio-economic disparities, and ensuring sustainable development. By empowering individuals with the knowledge to make informed financial choices, financial literacy enables them to navigate the complexities of today's financial landscape. This study seeks to examine the importance of financial literacy in India, emphasizing its role in promoting economic empowerment, encouraging entrepreneurship, reducing inequalities, and contributing to overall socio-economic advancement.