Financial literacy to financial inclusion to poverty elimination, this is something very very important for the global stability. 4. When I looked at the theme of this conference and as I pondered over what to speak, I actually started wondering about the nature of financial illiterates in the system. My own sense is that the “financially illiterate” can be broadly divided into five categories.
Let me explain: 5. The first form of financial illiteracy, I call “Wise Illiteracy” and people as “Wise Illiterates”. Now you must be wondering that how a person can be called wise and illiterate in the same breath.