Indians & their Sentiment to 360 Personal Finance
India is always considered the country of savers rather than investors, being the second-largest country in the world in terms of population. Indians always have had a lot of hardships when it comes to transparency of the Indian financial system, with a lot of scams and crises. Indians always fear investing, as we know investing always comes with the risk of default and credit. On top of this, people lack proper financial literacy and are clueless about the financial products we have.
In the last 10-15 years, India has witnessed a great surge in the demand for varied financial products, as middle-aged people and senior citizens didn’t have access to the internet or any other sources of information, (thanks to Reliance Jio now we have one of the best internet *slow claps*). From the year 2015, a vertical rise in the investment in capital markets has been seen, thanks to the youth who have been quite actively participating in this process. Now, the youth ranging from 25-35 years constitute 40% of the Indian population, have their risk appetite is so high and information is quite easily available these days.
Now the question arises,
”How anyone can plan for their investing and financing activity and why does one need Personal Finance?"
Personal finance helps you realize your financial goal (Maybe buying a new house, retirement plans, children's education), etc, further helping you to figure out where to invest the money so that your goals will be fulfilled.
You may have the funds to invest but not the time to read, analyze, and invest. There are thousands of places where you can invest and make good returns but the lack of knowledge and expertise will lead to wrong or no investment, there the role of personal financier comes into the limelight.
It is just a myth that India's finance advisory is a big man's game.
Finocontrol assures you that personal financing is now in everyone’s hand.
Now learn and make your investment and financial goals achievable with Finocontrol.
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