Entrepreneurship &Financial Literacy: A Roadmap to Economic Development of India

Our India, one of the largest countries where its population is increasing continuously. In 2017, 66.23 percent of the total population of our country is youth which shows that our country is a young country. The youth of the nation are trustees of prosperity. A Huge reservoir of youthful energy which needs to be tapped and harnessed intelligently for the development of society. In the progress of an economy economically and industrially entrepreneurs are the catalysts of an economy. The countries like the United States of America, Japan etc., are developed because they have countless examples of successful entrepreneurial ventures. From this, it is very clear that entrepreneurial development role in emerging of powerful economies in the world. While on the other side, some countries like Mynamar, Nepal are remained backward due to poor entrepreneurial development. To put the youth on the track of economic progress, transforming youth from job seekers to job makers through nurturing entrepreneurship skills and sound financial literacy. So this paper focuses on the two factors inter-related to the economic development of India, i.e. financial literacy and entrepreneurship which goes hand in hand. In this context, this paper stresses the role of financial literacy in entrepreneurship and the impact of entrepreneurship on economic growth