Investment pattern of salaried people in India

Abstract

Investment holds equal importance in planning for financial security and accumulation of wealth, and this becomes all the more relevant when it comes to individuals belonging to the ‘salaried class,’ who tend to have less sources of income. Owing to the past few years’ trends of ‘digitization,’ ‘economic trends,’ and ‘the new uncertain post-COVID world,’ the scenario of making investments has undergone some modifications in the Indian scenario. Yet, it has been observed that there is less literature available in ‘the process of making investments from the salaried class individuals.’
To facilitate an understanding and analysis of the process of investment by the working class among the Indian population, and to identify factors that shape their process of investment, it is proposed in this paper that it shall also address the mentioned problem. Savings behaviour, choice of investment instruments, risk aversion, financial literacy, and acceptance levels of online transactions and online banking are aspects that shall mainly be explored. To collect data, the structured questionnaire technique is employed among the working population, supported by statistics like percentage analysis, chi-square tests, ANOVA, and correlation analysis.