Financial literacy is the great challenge faced by all over the world. Financial literacy has been admitted as a basis skill for individuals we are installed in a rising system financial structure. It assists to make informed recommendation and wellbeing of an individual. In around the world today which has a market with complicated goods, the need for financial literacy becomes understandable. Countries like India which have a large youth population, the government is in a point to raise the level of financial literacy. The present study aims to study the need of financial literacy and also throws light on a critical appraisal of financial literacy in India. Some guidelines have been made to boost up the financial literacy which will lead to the generally growth of the economy.

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Keywords: Financial Literacy, Financial Structure, Complicated Goods, Growth of the Economy.