Financial literacy in the state of Haryana

Authors

  • Jain P Research Scholar, Haryana School of Business, GJUS&T
  • Gupta A Teaching Resource Person, Gurugram University

Keywords:

financial, Haryana

Abstract

It can be said from all the analysis that the financial literacy in the state of Haryana is not in a good shape. More and more financial awareness programs are required in the state for the financial well-being of the population. Researchers have seen an approximation of 58.21% of the respondents turn out to be financial literate only. The savings concept has been inculcated in the Indian culture but looking at the responses it seems as the individuals in the state are not saving for their future as they should be. It is observed that more than 85% respondents would prefer an amount of Rs 1,00,000 now rather than Rs. 1,05,000 a year after. This shows individuals are aware enough that they can increase their Rs 1,00,000 more than 5% in a year. It is a good sign but as the analysis progressed the inflation concept was giving a conflicting response where respondents if aware of time value shall be aware of inflation also.

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Published

31-03-2022

How to Cite

Jain, P., & Gupta, A. (2022). Financial literacy in the state of Haryana. International Journal for Research Publication and Seminar, 13(1), 32–42. Retrieved from https://jrps.shodhsagar.com/index.php/j/article/view/208

Issue

Vol. 13 No. 1 (2022): Volume 13 | Issue 1 | 2022

Section

Articles

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