Investor education in India

The National Centre for Financial Education (NCFE) conducted its last survey on financial literacy in 2019.

Compared to global standards for financially literacy, Indian figures appeared better on financial behaviour (53%) and attitude (89%), but slightly lower for financial knowledge (49%). The survey found that, on an average, only 27% of Indian population was financially literate. This was higher than 2013 survey figure (of 20%).

According to another survey conducted by the Global Financial Literacy Excellence Center (GFLEC), only 24% of the Indian adult population were found to be financially literate.

These statistics were presented in the report available here



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