..........Dr Y V Reddy, former Governor of the Reserve Bank of India in his address on ‘ The role of financial education – the Indian case’ at the International Conference on Financial Education in 2006 had mentioned that “ Pursuant to the process of globalisation, the economic and financial landscape in India is undergoing a significant transformation. In the process, the economy has become more diversified with new sources of growth. In tandem with these changes, we have seen the modernisation of the financial sector that has also become increasingly more diversified to meet the new requirements of the economy.” In addition, he had mentioned that financial education assumes importance in this changed financial environment......
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