Financial Illiteracy deficits Financial Inclusion: An Emerging Chaos in Financial Sectors of India and China

Abstract

This paper will address impact of India and China’s Financial inclusion policies in accordance to their present legal framework. India’s working schemes on digital inclusion are a widespread success. The proliferation of cyber-attacks is symbolic to the deficiency in Financial Literacy within the Indian legal framework. This paper will also assess the co-relation between financial literacy and financial inclusion effecting the growing economy of India and China. Lastly the paper will attempt to analyse the financial literacy notions with some suggestive measures.