Embedded Files
IJARSAI Int. J. Adv. Res. Sci. Anal. Infer.
Author(s):
Article Dates: Received: 05 Sept 2025 | Revised Submission: 21 October 2025 | Accepted: 03 November 2025 | Available Online: 08 November 2025
Abstract
Keywords: Financial literacy, financial attitude, financial behavior, financial knowledge, financial inclusion
How to Cite:Attokkaran, S. V., & K. R., Nandana. (2025). Evaluation of the financial literacy landscape in the eastern region of India. IJARSAI International Journal of Advanced Research Scientific Analysis & Inferences, 1(3), 162–172. https://doi.org/10.5281/zenodo.17569504
Dr. Sitara V. Attokkaran
Associate Professor
PG & Research Department of Economics
Vimala College (Autonomous)
Thrissur, Kerala
Affiliated to the University of Calicut, India
Email: sitaravattokkaran@vimalacollege.edu.in
Nandana K.R.
Independent Researcher
PG &Research Department of Economics
Vimala College (Autonomous), Thrissur, Kerala
Affiliated to the University of Calicut, India
Email: nandanakr1995@gmail.com
Article Dates: Received: 05 Sept 2025 | Revised Submission: 21 October 2025 | Accepted: 03 November 2025 | Available Online: 08 November 2025
Abstract
Financial literacy is crucial for people’s welfare and wellbeing, enabling them to make informed decisions about their financial resources. Financial literacy promotes financial inclusion, reduces poverty, and contributes to economic growth and development. Financial literacy is a combination of financial attitude, financial behaviour and financial knowledge as proposed by OECD (2012). Overall financial literacy score is obtained by adding together, the scores of these three components (OECD/INFE 2015). The present study examined the financial literacy scenario in the East Zone of India. The study reveals that while financial attitude is strong across all zones in India, there is a significant gap in financial behavior and knowledge. Only 27 percent of the population meets the overall financial literacy threshold. Financial literacy in the eastern region of India is notably low, with only West Bengal (29 percent) exceeding the national average of 27 percent. All other states, including Bihar, Odisha, and Sikkim, fall significantly below, underscoring a critical need for region-specific financial education and awareness initiatives. This highlights the urgent need for targeted financial education and behavior-focused interventions to improve overall financial literacy in the country.
Keywords: Financial literacy, financial attitude, financial behavior, financial knowledge, financial inclusion
How to Cite:Attokkaran, S. V., & K. R., Nandana. (2025). Evaluation of the financial literacy landscape in the eastern region of India. IJARSAI International Journal of Advanced Research Scientific Analysis & Inferences, 1(3), 162–172. https://doi.org/10.5281/zenodo.17569504
Article Metrics & Discovery
License
Creative Commons Attribution 4.0 International
The Creative Commons Attribution license allows re-distribution and re-use of a licensed work on the condition that the creator is appropriately credited.
Google Sites
Report abuse