Gender-Based Financial Investment Decisions: Lessons from the Global Literature Tailored for the Indian Context

Abstract

: This research examines gender-based financial investment decisions with a focus on global literature and its relevance to the Indian context. It highlights the significant differences between men and women in investment behavior, risk tolerance, and financial literacy. Globally, women tend to be more risk-averse, often preferring safer investments like bonds and savings accounts, while men lean toward riskier options such as stocks. In India, gender disparities are more pronounced due to socio-cultural factors, lower financial literacy, and limited access to investment opportunities, particularly in rural areas. The study also reviews global examples of women-focused financial products and policy interventions, providing lessons for Indian policymakers to improve financial inclusion for women. A systematic methodology was used to analyze 29 peer-reviewed papers from global and Indian literature. Key recommendations include enhancing financial literacy programs tailored to women, developing inclusive financial products, and addressing societal barriers to women's financial autonomy. The findings suggest that improving women’s financial knowledge and participation in investment markets can contribute to greater financial security and economic growth in India.