Literacy in Money Management - A Path to Sustainable Growth

International Journal of Management, Innovation & Entrepreneurial Research

View Publication Info
 
 
Field Value
 
Title Literacy in Money Management - A Path to Sustainable Growth
 
Creator Acharya, Priyanka Urvish
 
Subject Money management
Financial literacy
Sustainability
Human capital enrichment
Initiatives.
 
Description Understanding the language of money is an integral part of the sustainable development of an economy. The world of financial markets plays a major role for transforming developing economies into global powers. If we look at the future, fancier market models may be developed; those even more accurate than what they are today. However, the incremental value addition in this model creation industry comprises of a hindrance in the form of lack of awareness and education of the Indian masses. Dynamism stimulates a sense of continual excitement and with the global environment becoming more complex; market participants seek a far more sophisticated education imparting mechanism to tackle fi nancial risks and achieve sustainable growth. The Indian financial markets hold immense potential for coming generations. However, we are driven by too much leverage and too little confidence as we lack the power of knowledge. To avoid ending up with an overleveraged economy further leading to credit bubbles and economic imbalances, the need to address knowledge dissemination concerns from a complex global perspective rises further. This research is mainly to set forth the path toward building a robust fi nancial literacy promotion mechanism to build a healthier and confident economy. The study mainly focuses on the initiatives in this area by eminent organizations and their contribution toward encouraging sustainability through literacy of managing money. The study would involve primary and secondary methods of data collection to analyze current trends and recommend improvisations in the same.
 
Publisher GIAP Journals
 
Date 2015-10-24
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
"Peer-reviewed Article", "Non-refereed Book Review", "Invited Commentary'
 
Format application/pdf
 
Identifier https://giapjournals.com/ijmier/article/view/ijmier.2015.123
10.18510/ijmier.2015.123
 
Source International Journal of Management, Innovation & Entrepreneurial Research; Vol. 1 No. 2 (2015); 43-47
2395-7662
 
Language eng
 
Relation https://giapjournals.com/ijmier/article/view/ijmier.2015.123/213
 

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