India, Sept. 7 -- Financial education has become an important life skill necessary for every human being for leading a quality life. Hence, countries all over the world are giving utmost priority for its inculcation among their citizens.
Financial illiteracy is not only limited to underdeveloped countries but also afflicts developing and developed countries. Financial inclusion is a key component of a successful national strategy for any country which is possible through an increase in the financial literacy made by financial education.
According to a consortium of researchers, 2.5 billion adults, nearly half of the world's 4.7 billion adult population, are not aware of the use of formal financial services or the concepts of savings and i...