What is it about?
This study examines how rising financial literacy in India from 2019–2024 influences household choices across savings, insurance, equities, and digital assets, revealing that greater knowledge leads to more diversified, resilient portfolios.
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Why is it important?
This research is important because it shows how financial literacy directly shapes smarter household investment decisions in India, guiding policies and programs that can improve financial well-being, encourage diversification, reduce vulnerability, and boost long-term economic stability.
Perspectives
A useful perspective on this topic is that financial literacy is not just a skill but a catalyst for empowerment. As households understand risks, returns, and financial products better, they shift from passive saving to strategic investing. Between 2019–2024 in India—an era of rapid digitalization, new investment platforms, and expanding financial inclusion—literacy becomes the bridge that helps families participate confidently in formal markets, build assets, and secure long-term stability.
mallikrjuin Konnur
BLDE Association
Read the Original
This page is a summary of: The Role of Financial Literacy in Shaping Household Financial Asset Allocation in India (2019-2024), SSRN Electronic Journal, January 2025, Elsevier,
DOI: 10.2139/ssrn.5641651.
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