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Does Financial Literacy Lead to Better Financial Decisions? Insights from India’s Female Workforce

Vikas Kumar

Metamorphosis- A Journal of Management Research2026https://doi.org/10.1177/09726225261436107article
AJG 1
Weight
0.50

What the paper says

Financial literacy should empower women in emerging economies such as India, where there still exist gender disparities in financial access and decision-making. In this study, the researcher examines the influence of financial literacy on the financial management of salaried women in India, with financial coping behaviour mediating and self-efficacy moderating the situation. A structured questionnaire was used to collect data on 657 urban and semi-urban working women. Analysis using SEM showed that financial literacy has a significant effect on financial management behaviour (30.5) (β = 0.428, p < .001), and financial coping behaviour interposes this relationship. This was reinforced by financial self-efficacy (β = 0.183, p < .001), but there were specific financial behaviours that were influenced by financial knowledge (β = 0.291) compared to awareness (β = 0.334). The findings indicated high urban–rural differences, with urban respondents expressing better financial behaviour. This implies that specialized financial education initiatives should be designed to meet cognitive (knowledge/awareness) and psychological (self-efficacy) aspects of semi-urban communities. The study fits in the financial empowerment literature by confirming a holistic framework of comprehending the financial habits of Indian women and offering evidence-based suggestions to policymakers and financial institutions to improve the financial inclusion of women.

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https://doi.org/https://doi.org/10.1177/09726225261436107

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@article{vikas2026,
  title        = {{Does Financial Literacy Lead to Better Financial Decisions? Insights from India’s Female Workforce}},
  author       = {Vikas Kumar},
  journal      = {Metamorphosis- A Journal of Management Research},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.1177/09726225261436107},
}

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Does Financial Literacy Lead to Better Financial Decisions? Insights from India’s Female Workforce

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.