Understanding the role of ‘finance’ in contemporary culture, a lack of financial literacy can be extremely detrimental to a person's long-term financial performance. “Financial literacy" is the ability to effectively manage one's personal finances through budgeting exercises, the implementation of saving strategies, the effective management of one's debt, and an awareness of the various asset classes that comprise investment opportunities suited to one's financial goals.
India will be superpower by 2047, but not high-income economy: Martin Wolf
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