Vidyasagar School

IMPORTANCE OF FINANCIAL
EDUCATION
FOR INDIAN YOUTH!
SESSION
(2024-2025)
Submitted By: Submitted To:
Rudra Bagora Mr.Manish Shukla
 CERTIFICATE
This to certify that ‘Rudra Bagora’ of class 11 th ‘A’
Roll no.1103 has completed his project work on
‘Importance of Financial Education for Indian Youth’
For partial fulfillment required under the CBSE
guidelines and guidance of his subject teacher for
ASL;project for the session(2024-2025)

Date:

Internal‘s signature Principal‘s signature

External‘s signature School stamp

 Acknowledgement
I would like to state that this project is my original
work and I would like to thank all those people who
have whole heartedly extended their cooperation
and support for making it possible to complete this
project on time.
I would primarily like to thank the grace of
almighty. My sincere gratitude to Mr.Satyanarayan
Ji Patel for providing us with the best infrastructure
and all the required resources for the creation of
this project.
My special thanks to school principal Mrs.Bhavna
Pujari and vice principal Mr.Mukul Golwalkar.
Many thanks to our subject teacher Mr.Manish
Shukla for guidance and support.I would also like to
thank my family members and friends for their
cooperation in completion of this project within the
stipulated time.
 Index:-

Obejctive:-

Action plan:-

Introduction:-

Questionaire/Survey:-

Responses

Project Report:-

Bibleography:-
 Objective:
To highlight the importance of Financial
Education and investing.
In today’s world where people set their
financial goals but do not plan accordingly
to acheive it, it is very important for the
Indian teenagers to be financially educated
and be wise in managing the money they
have.

It is equally important for those who have

been earning money or have started to earn
money so that they can take smart decision
Regarding their hard earned money.
 Action plan:-
First of all I started observing people
around me and found that most of them
were not even aware of basic concepts of
money. I went through variety of websites
and found that only a small number of the
teenagers in india have ‘basic’ financial
knowledge whereas even adults have
elementary level of financial education only
For comparison the financial literacy rate in
United Kingdom , Canada and denmark is
more than 69%.
I with my knowledge of finance prepared a
couple of questions and asked them with
my
classmates and family members about
finance.
I went through various websites and
gathered some more knowledge about this
topic and By comparing the responses from
my classmates and family members to what
I found online , I made a project report on it

Searched why financial education is

important in teenage and why it is
important to achieve financial freedom and
financial goals.
 Introduction:-
In today’s world where the Indian youth is
more into the ‘showoff culture’ and spend
their parents hard earned money in useless
things it is very important to educate them
about finance and value of money.
Now here the question arises why the
financial education is important?
The simple answer is because financial
literacy prepares students to for financial
independence by teaching them how to
budget ,save and most importantly invest
the money.
Investing money is the best thing one can
do to grow their capital. Especially when
the inflation rate in our country is more
than 5% since last 3years.
One should also take care of ROI(Return On
Investment) it must be atleast more than
10%.
People right now have high aspirations but
do not have skills to earn money and
manage that money.

Educating the youth of india about finance

is important as the youth is the future of
our country and will result in the financial
growth of our country which is very
important for a developing country like us.
One can educate himself with the help of
numerous resources available online .
students can read books watch youtube
videos regarding finance, have a side hustle
for a cash flow and much more.
some aspects of financial literacy:-
1. Investing
2. Debt management
3. Credit
4. Retirement planning
5. Spending
6. Taxation
7. Earnings
8. Building wealth
9. Basic financial knowledge
 Questionaire:-

I asked some basic questions about finance

to my class mates and family members
like:
1.what is ROI?
2.which is better 10cr right now or 50lakhs
every year?
3.what is inflation?
4.difference between asset and liability.
5.Avg. interest rates on FDs.
 Responses:-
The very first question which I asked was
from my friend ‘Vatsal Sahu’ he is my
classmate and he answered the question in
the following way:-
1.when asked him about the ROI he had a
little idea about it and answered ‘Return on
investment’ he was ‘correct’
2. he answered 50lakhs he didn’t used his
mind and answered. It was 10cr because if
you put the 10cr as it is in the FD with the
interest rate of 5% you can earn 50lakhs
every year and still have 10cr in your
account.he was ‘wrong’
3.about this one he said ‘when the value of
money decreases it is called inflation’ he
was correct about it.
4.he didn’t even knew what I was talking
about.
5.he answered from 2.5%-7% he was
absolutely correct about this one

The second person which I asked was my

another classmate ‘Jash Jain’.
1.he didn’t knew what was ROI
2.he chose 10cr and gave the exact reason.
he was ‘correct’
3.he answered correctly. ‘when the value of
money decreases it is called inflation’
4.he answered this one also ‘assets are
those properties which are owned by us and
earn money for us. Whereas liabilities are
those which degrade their value overtime.’
5.he said ‘around 5-8%’ which is
considerable.

The third person which I asked was my

cousin ‘Dev’ .
1.he had no Idea about the ROI.
2.he chose 50laks which was incorrect.
3.he didn’t know this one also.
 4.he answered this correctly and said
‘assets are those properties which are
owned by us and earn money for us.
Whereas liabilities are those which degrade
their value overtime.’
5.he answered around 6-8% which is again
considerable.

The fourth person I asked was my senior

‘kratgya yadav’ :
1.he answered ROI stands for ‘Return On
Investment’ he was correct.
2.he chose 10cr now and chose to invest it.
3.he answered this one also correctly ‘when
the value of money decreases it is called
inflation’ he was correct about it.
4.he answered this one too ‘assets are
those properties which are owned by us and
earn money for us. Whereas liabilities are
those which degrade their value overtime.’
5.he said usually from 2-10% which is
exactly correct.

The fifth person which i asked was my elder

brother ‘Dhruv Bagora’:
1.he didn’t knew about ROI.
2.he chose 10cr chose to invest it
3.he had a rough idea about inflation.
4.he answered correctly ‘assets are those
properties which are owned by us and earn
money for us. Whereas liabilities are those
which degrade their value overtime.’
5. he said 7% which is considerable.
 Bibleography:
Websites that helped me a lot to search
about the stats of financial literacy in India:
1.www.Investopedia.com
2.www.hindustantimes.com
3.www.precize.com
4.www.quora.com
5.www.business-standard.com
6.www.rbi.org.in