Volume : 8, Issue : 12, December - 2019

Impact of Financial Literacy on Investment Decisions in Kachchh Region of Gujarat State - A Review of Literature

Tarun K. Chowdhary, Dr. P. R. Patel

Abstract :

• Today in the competitive financial market, it is necessary that people should be financially literate. The economy of our country is facing one such problem that is financial literacy which is a major challenge faced by all the countries globally. Financial Literacy is the mix of one’s knowledge, skill, ability and attitude towards financial matters. Therefore, the need for financial literacy has become inevitable. • Research from around the world reports inadequate Financial Literacy which raises serious concerns about the ability of individuals to secure their financial well-being. • Country like India which has young population, the government is in a position to increase the level of financial literacy through financial education programs and launching of new programs. • Financial literacy goes beyond the provision of financial information and advice. It is the ability to know, monitor, and effectively use financial resources to enhance the well-being and economic security of an individual, his family, and his business. • This present research work is carried on with the objective to study the financial literacy of individuals and its impact on investment decisions in Kachchh Region of Guajarat State.