Time and again we have seen reports and surveys depicting low levels of financial literacy in India.
A survey conducted by Aviva Life Insurance Company—Aviva Plan India Plan Survey 2017—says that Indians are big dreamers, but poor financial planners. The survey consists of 2 indices: the Dream Index, which shows how aware Indians are of their life goals; and the Plan Index, which is about how well financially planned Indians are to achieving their life goals.
The Dream Index for the topmost tier of Indians stands at 61, while the Plan Index stands at a dismal 24. Clearly indicating that whilst we dream big, the real action planning with regards to ascertaining the fulfilment of the dreams, is poor.
