Financial Literacy Among Indian Youth

Understanding finance is an essential skill that equips individuals to manage their personal finance, make rational investment choices, and safeguard their financial future.This research assesses the financial literacy levels of Indian youth focusing on the concepts, attitudes, and practices of saving, investment, and budgeting as well as debt management.Data from 88 participants indicates moderate understanding of financial concepts, however indicates low levels of practical application and self-efficacy in financial decision making.This investigation also analyzes the impact of social media and other digital forms of communication on financial education.Results indicate that although there is potential with the use of fintech applications, greater limitations such as low income, lack of time, and inadequate access to financial instruments remain.Suggested strategies include incorporating financial literacy into school and college syllabi, promoting educational policy advocacy on financial technology, and enhancing the availability of financial materials.This study forms part of the emerging discourse surrounding financial literacy in developing countries, highlighting the need for enhanced efforts to integrate young people into the financial system and encourage active use.