The Organisation for Economic Co-operation and Development (OECD) describes financial literacy as “a combination of awareness, knowledge, skill, attitude and behaviour necessary to make sound financial decisions and ultimately achieve individual financial wellbeing.” The economic impact of financial literacy has often been ignored. In this episode, Aarushi Kataria and Sridhar Krishna discuss the impact of financial literacy on women, entrepreneurship, and the economy in light of Takshashila’s 20 Million Jobs project.
The Economic Importance of Financial Literacy: Theory and Evidence by Lusardi and Mitchell
National Strategy for Financial Education: 2020-2025 by Reserve Bank of India
The Effects of Financial Literacy on Sustainable Entrepreneurship by Burchi et al.
Financial Literacy and Economic Outcomes: Evidence and Policy Implications by Mitchell and Lusardi.
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