Mon Nov 11 12:42:04 UTC 2024: ## India Celebrates National Education Day with Focus on Financial Literacy
**New Delhi, November 11:** India today commemorates National Education Day, honoring Maulana Abul Kalam Azad, the nation’s first education minister, born on this day. While celebrating the progress made in education since independence, the focus this year is on enhancing financial literacy, a critical skill for the future.
Despite significant strides in education, a recent SEBI study revealed that only 27% of Indians are financially literate. This highlights the pressing need to integrate financial management education into the curriculum.
Experts argue that students need to understand concepts like budgeting, saving, debt management, and investing to navigate today’s complex economic landscape. “Financial skills are vital to addressing challenges like rising prices, job uncertainties, and consumerism,” says Ajay Lakhotia, Founder & CEO of StockGro.
Lakhotia advocates for experiential learning modules focusing on investments, compounding interest, and risk management. These modules should be facilitated by industry experts, providing practical insights into real-world financial challenges.
The call for greater financial literacy echoes through inspiring initiatives like DhanSarthi, a digital platform created by Vidhi Miglani, a Class 12 student, to empower women through financial knowledge.
This year’s National Education Day serves as a timely reminder that education must equip individuals with the skills necessary to thrive in today’s world. Emphasizing financial literacy alongside traditional academic subjects will empower future generations to make informed financial decisions and build secure futures.
First Piper 