In today’s financially tough atmosphere it has become very vital to learn financial literacy concept. In India, educational curricula focus on traditional academic subjects like Math, Science and Language Arts etc. But the growing sense of the importance of financial literacy is turning this sense. The National Education Policy (NEP) of 2020 advocates for the incorporation of financial literacy at all educational levels. India has a substantial population which lacks financial literacy. Most of them are experiencing debt, poverty and financial exclusion for not having the skilled financial management ability. Economy is getting increasingly intricate day by day and the best way to cope up with this situation demands grasping of financial management skills. Financial literacy will empower individuals to make prudent financial decisions to enable him to a improved financial well-being.

So Indian education system needs introduction of a dedicated financial literacy courses spanning from primary school to university levels.