Cracking the Code of Financial Acumen: Investigating Investment Practices among IT professionals in India
Sreelakshmi SP
Ph.D. Research scholar, Annamalai University, Annamalai Nagar, Chidambaram – 608002, Tamil Nadu, India
Waseem Gani
Assistant Professor of Commerce in Higher Education Department in Jammu and Kashmir.
Background: The Information Technology (IT) sector serves as a cornerstone of India's economic landscape, emphasizing the pivotal role of savings and investments in fostering sustainable growth.
Purpose: This study seeks to delve into the intricacies of saving and investment behaviours exhibited by IT professionals, aiming to provide valuable insights for financial planning and decision-making.
Data and Methodology: Through a meticulously designed structured survey, this research rigorously examines the investment behaviour of IT professionals, employing robust statistical tools and techniques for comprehensive analysis.
Statistical Tools and Techniques Used: Leveraging advanced statistical methodologies, including regression analysis and correlation studies, enables a thorough exploration of the factors influencing investment decisions among IT professionals.
Results: The study uncovers significant findings regarding the drivers of investment activities among young IT professionals, shedding light on their diverse investment objectives and risk tolerance levels.
Suggestions: In light of the results, actionable recommendations are proposed to bolster financial literacy initiatives and empower IT professionals with the knowledge and skills necessary for prudent investment practices, thereby fostering economic resilience and prosperity.
Keywords: Savings, Strategic Investment, IT workers
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