Published Paper Details:

This paper is discussing inter-state variation in financial literacy in India. The data used for analysis are obtained from FII Survey (6th wave) ,accessible at Kantar's Financial Inclusion Insights(FII) website. Following the OECD's approach, financial literacy is measured as a combination of the three parameters, viz., Financial knowledge, Financial behavior and Financial attitude. Wide variation in proportion of financially literate adult people among the States of India is revealed in analysis of the data. When at all India level 31% of the adult population are found financially literate, the lowest proportion found is 5.70% ( Puducherry) and the highest proportion is 57.10% (Arunachal Pradesh) . More over the inter-state variation is also observed among the three parameters of financial literacy. It is also observed that the high rank states in India in overall financial literacy are not necessarily the states with high rank in the three parameters of financial literacy.