FINANCIAL LITERACY IN INDIA:-

   We Indians are really hard working.We earn money by our hard work.From our childhood we are learnt about earning  and saving money.But how to generate better retturn on our savings nowhere it is taught.So most people choose traditional ways of investment.They keep their savings in saving accounts from where they receive very low interests on their savings but if they choose short-term fixed deposits option they can easily get better retturn.Maximum people of India make such type of many mistakes in their lives. How can get rid of such type of financial problems?

      Let us try to find out the solution of such problems:-

1.At first we would have to understand that our literacy rate is very low so it becomes very difficult to bring people out from their traditional thought.

2.In our country there are no any system to get financial knowledge. Our schools do not teach us how to take our financial steps in our lives.So most of educated people also take many wrong financial decisions in their lives. So it becomes our and our governments' moral duty to arrange at least basic financial educations for all.

3.We give fee to docter,teacher,helper etc easily.But we don't want to pay even a small amount to  our financial advisors. As a result we lose heavy amounts many times due to our bad financial planning. We need to change our habits .If someone one work for us and help us to save our money then there should not be any problem to pay in lue of his work. 

4.Some social worker should also understand their responsibility and encourage people to get financial education. They should also make arrangement for it.We must understand if catch hands one another we can find solutions of any problem. 

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