IMPACT OF FINANCIAL LITERACY ON PERSONAL FINANCE PLANNING IN INDIA

ABSTRACT This study aims to investigate the relationship between personal financial planning and financial literacy as well in India. Based on data from a comprehensive national survey by demographic criteria, we measure the level of financial literacy and its effect on investment experience, saving motives, or planning. Our findings suggest that financial literacy is generally low in India, with variations noted most starkly for Women, Rural communities, and less educated people. Greater financial literacy and capability have been linked to better planning strategies, such as regular saving, diversifying investments, and managing debt effectively. Problems in Enhancing Financial Literacy: The research has identified several issues preventing the improvement of financial literacy, such as doubt regarding financial institutions, cultural challenges, and limited access to education on money. Following these findings in India, we recommend tailored education strategies and policy adjustments to increase financial literacy, thus improving the level of household financial planning. the above study stress on the fact that how important is increasing financial literacy to ensure economic stability of India as well make sure every individual has a good level of financial orientation. Keywords: Levels of Financial Literacy, Behaviour in a level of financial planning Task/ Decision Making, and Barriers to Improving Sustained levels Of Economic Inferences.