A comparison between countries based on their financial literacy rate and investing behavior.

According to the Standard & Poor’s Global Financial Literacy Survey, which is the world’s largest and most comprehensive global measurement of financial literacy, India ranks 73rd out of 144 countries with a financial literacy rate of 24%. The survey defines financial literacy as the ability to understand essential financial concepts in making informed decisions about saving, investing, borrowing, and more1. The global average financial literacy rate is 33%, and the top 10 most financially literate countries are Denmark, Norway, Sweden, Canada, Israel, United Kingdom, Germany, Netherlands, Australia and Finland.

Countries with higher financial literacy rates tend to have a greater percentage of their population investing in these types of financial instruments.