National Education Day: India has made significant progress in the education sector

National Education Day: In honor of Maulana Abul Kalam Azad, the country’s first education minister, who was born on this day, India is commemorating National Education Day today, November 11. The founding of important organizations like the All India Council for Technical Education (AICTE), the first IIT at Kharagpur, and the University Grants Commission (UGC) was made possible in large part by the visionary leader. India has achieved notable strides in the field of education, especially financial literacy, in the decades after gaining its independence.

Leading a safe and productive life requires having a solid understanding of basic financial concepts including investing, managing debt, budgeting, and saving. However, just 27% of Indians are financially educated, according to a SEBI survey.

It is more important than ever for students to understand how to save, grow, and manage their money in the modern world, which is characterized by growing costs, unstable employment, and excessive consumption. To overcome these obstacles and guarantee stability and success in the long run, financial literacy is essential.

Students may be given a solid foundation in money management from a young age by implementing financial management instruction in schools. This gives individuals the ability to make wise choices.

“Experiential learning modules on investments, compound interest, and risk management—facilitated by conversations with professionals in the field—must be included into schools and institutions. Ajay Lakhotia, Founder & CEO of StockGro, said that although the current curriculum educates students to make a livelihood, adding financial management and investing methods would better prepare them to handle real-world financial issues.

By giving pupils the information and abilities to handle actual financial circumstances, financial education eventually fosters long-term stability and a safe future.

Recently, Vidhi Miglani, a Class 12 student from DPS Kaithal, Haryana, developed DhanSarthi, a digital platform that educates women about money matters, with the goal of empowering and educating women by making them financially educated.