Indian women surpass Chinese counterpart in financial literacy

[Nikkar Narayana]

Indian women have better financial literacy levels than their counterparts in China and Japan but are still placed at the bottom half in a ranking of 14 countries, an index survey has said.

Thai women topped the financial literacy index with score of 73.9, according to a Mastercard's Financial Literacy Index released today.

The most populous markets in the world- India (61.4) and China (60.1) reflected a lower Financial Literacy score among women and are ranked at 11th and 12th position respectively, it said.

In India, women as a whole scored the best in financial planning (67.6), followed by basic money management (58.8) and investment (58.9).

"Chinese and Indian women are particularly weak in basic money management (54.4 and 58.8) and are near the bottom of the ranking for that component in Asia Pacific," the survey noted.

In the overall financial literacy rankings, India and China have scored over developed countries like Japan and Korea.

Among the 24 markets surveyed it noted that women across Asia Pacific are financially savvy "to some extent", in particular among the over-30 years married and working group.

Their level can be raised further, especially among the younger generation, the survey noted.

The index is based on a survey of consumers across Asia Pacific Middle East Africa (APMEA) and comprises of three major components--basic money management, financial planning and investment.

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[Venky Fan]

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[Alfred pichikaaki]

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[Nikkar Narayana]

[quote author=HS link=topic=161890.msg1936450#msg1936450 date=1298997757]
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[htnamus]

[quote author=Nikkar Narayana link=topic=161890.msg1936468#msg1936468 date=1298998180]
nuvve vesava enti  @3$% @3$% @3$% @3$%
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[The QUEEN]

@gr33d @gr33d @gr33d nice thread :0012391: :0012391:

[chinnoduuuu]

nice thread nice thread nice thread