Facts on Savings and Investments in Indian Economy

Only available on StudyMode
  • Download(s) : 20
  • Published : December 26, 2012
Open Document
Text Preview
Jaipuria Institute of Management, Jaipur

Term Paper on
FACTS ON SAVINGS AND INVESTEMENT

Submitted to: Dr. Prerena Jain
MEBE -1

Submitted by:
ANKUR CHAKRAVARTY

ACKNOWLEDGEMENT

W
e thank our advisor Dr. PRERNA JAIN, Jaipuria Institute of Management, Jaipur for assigning us this project and believing in us. He and his continuous support during the project were always there to listen and his valuable advice enabled us to complete the project on time. He taught us how to be inquisitive and express our ideas. He showed different ways to approach a problem and the need to be persistent to accomplish any goal. Their advice and suggestions have been remarkable in handling different types of situations at work. Sincere thanks to Jaipuria Institute Of Management, Jaipur

Submitted by
ANKUR CHAKRAVARTY

EXECUTIVE SUMMARY

In Recent past India faces a financial literacy crisis. At a time when more Indians than ever before are investing in securities markets through the purchase and sale of stocks, bonds, and mutual funds, numerous studies show they lack the financial basics. Indians need to learn what questions to ask before investing, how to evaluate financial products and professionals, and how to protect themselves in the marketplace. A well- educated investor provides the best defense and offense against securities fraud. Indians also need to learn the mechanics—and benefits—of financial planning. Our partners and others have found that few Indians develop financial plans to save for their important financial goals, such as retirement or their children’s educations. Yet those who do develop a plan, regardless of income level, consistently save more. Key findings of the various surveys and studies cited in this report include: Only 5 percent of investors believe they know “everything”they need to know to make good investment decisions.

More than half 55 percent of all current workers have never even tried to figure out how much they need to save and accumulate for retirement.

An alarming number of high school students 66 percent flunked a basic economic literacy test. Among adults taking the same test, only one-third achieved a score of C or better, and nearly half 49 percent failed.

The good news, however, is that education can help, and Indians want to be educated literally as well as technically.

Table of Contents

EXECUTIVE SUMMARY................................................................................... 2

INTRODUCTION ................................................................................................. 3

Conceptual underpinning of the topic................................................................. 4

Review and analysis of data................................................................................ 9

.Business implications........................................................................................................12

Conclusions and recommendations................................................................................................. 20

References ........................................................................................................... 33

INTRODUCTION

The World Has Changed

We have witnessed sweeping global changes in the last few decades. The world has been transformed on almost every front. Politically, governments and national boundaries have come and gone. Through technology, we routinely communicate with the farthest corners of the earth in a matter of...
tracking img