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Financial Literacy among Working Young in Urban India

Author

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  • Agarwalla, Sobhesh Kumar
  • Barua, Samir K.
  • Jacob, Joshy
  • Varma, Jayanth R.

Abstract

The paper reports investigation of a study on the influence of various socio-demographic factors on different dimensions of financial literacy among the working young in urban India. While the influence of several factors such as gender, education and income is similar to what has been reported in other contexts, a few factors specific to India, such as joint-family and consultative decision making process are found to significantly influence financial literacy. The study also investigates the relationship between the dimensions of financial literacy. Adding to the growing empirical understanding of financial literacy across countries, the study provides an analytical basis for enunciating policy for enhancing financial literacy of youth in India.

Suggested Citation

  • Agarwalla, Sobhesh Kumar & Barua, Samir K. & Jacob, Joshy & Varma, Jayanth R., 2013. "Financial Literacy among Working Young in Urban India," IIMA Working Papers WP2013-10-02, Indian Institute of Management Ahmedabad, Research and Publication Department.
    • Handle: RePEc:iim:iimawp:12133
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    References listed on IDEAS

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