How Financial Literacy Influences Income Inequality Among Urban Women: A Data-Driven Analysis

How Financial Literacy Influences Income Inequality Among Urban Women: A Data-Driven Analysis

Mr. Shreyas Mahesh {1},

MBA student, Faculty of Management Studies, CMS Business School, Bangalore.,

 Email: shreyas_m23@cms.ac.in

Under The Guidance of:

Dr. Shrinivas Patil {2},

Faculty of Management Studies, CMS Business School, Bangalore.,

Email: dr.shrinivas_patil@cms.ac.in

Abstract:

This study, conducted under CMS Business School–Jain University, explores the Impact of Financial Literacy on Women’s Empowerment in Urban India. Urbanization has created opportunities for Indian women; however, limited financial decision-making power persists. According to recent statistics, a significant percentage of urban Indian women still lack basic financial literacy, contributing to continued economic dependence.

The core problem identified is the disconnect between growing urban opportunities and women’s actual empowerment due to low financial awareness. The study aims to assess the financial literacy levels among urban Indian women, examine its effect on their social, economic, and psychological empowerment, and identify barriers to acquiring financial literacy.

A mixed-methods approach was adopted, including quantitative surveys and qualitative interviews. Stratified random sampling ensured diverse representation. Quantitative data were analyzed using regression models, while qualitative data underwent thematic analysis to extract personal insights and patterns.

Key findings are expected to show a positive correlation between financial literacy and women’s empowerment—particularly in financial independence and decision-making. The study also identifies systemic and cultural barriers hindering financial education access. Looking forward, these insights could guide targeted interventions by policymakers, NGOs, and financial institutions to bridge the gender gap in financial autonomy and foster inclusive economic growth.