Financial literacy, Savings and Investment in India: A Literature Review

This literature review examines the interplay of financial literacy, savings and investment practices in the Indian context. Drawing on scholarly articles, government reports, and Reserve Bank of India (RBI) publications, the review delineates key conceptual frameworks, empirical drivers, and policy initiatives. Objectives include synthesizing extant literature on financial literacy and savings-investment behaviors. A qualitative synthesis of secondary sources reveals persistent gaps in financial education and behavioral biases influencing resource allocation. Implications for policy and future research are discussed, emphasizing the need for inclusive financial ecosystems to foster economic resilience.