Major Financial Problems of India

         There are many problems in India and it is true that more of them are related to finance problems and economic problems. Indian financial management has great role in world’s economy being the tenth largest economy in the world by GDP. We are now going through at least three kinds of finance problems in the India. These are:-

1.Many of people of under 45 years lowball their pension requirement. Not only lowball, but are very far-off from the correct estimate. They mostly generalize from their parent’s necessity, even when they understand that they lead a very different kind of lifestyle. After retirement they get financial problems.

2.Indian people are being extravagant imitating the western developed countries. You can find this at many time in various example. They flushed out wine worth of million when India win world cup. This is a simple and fresh example. It causes of financial problems to others.

3.Unemployment is also one of major financial problems in India. Here in a family if one or two member are earner and rest are simply depend on his/her/them then it creates a big problem. This kind of financial problem affect whole financial system of a country.

        So we can see that if we think about removal of financial problems from India then we should go through our self first.