Respected Sir
Citizen of any country needs
ROTI, KAPADA AUR MAKAN
But above all they need to fulfil the above requirements is MONEY.
But
Managing Money is not as easy as Earning Money
I am in the financial field since 2002 and found that across the country the financial literacy is almost Zero. I have also studied that in a developed country like US also rate of financial literacy is very low.
During the growth of the country income of individual will also raise and hence the purchasing power will also rise. All this will leads to further growth but one missing link is there that the public will forget about the savings and investments.
It is required to have financial literate citizen for achieving the sustainable and highest level of growth.
It is unfortunate that savings, investment and wealth creation is not taught to us in formal education.
It is necessary to have a financially literate citizen for making our country top economy in the world and maintain that level forever.
Benefits of having financial literate citizen are that
They will be less dependable on the government.
Standard of living will be higher across all citizens
Country can sustain at the top economy of the world with the contribution of both Public and Government.
An education system should be realistic education systems which will improve the lives of the citizen.
Thanking you
Regards
Shailesh N Sampat
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