Finance·Original Research Articles
Financial security after retirement is a critical aspect of personal wellbeing, especially for working women who often face career breaks, wage disparities, and longer life expectancy. This research aims to assess the level of awareness, financial literacy, planning behavior, and retirement preparedness among working women in Thane and Mumbai districts of Maharashtra, India. A structured questionnaire was administered to 101 respondents, and the results indicate that although most women possess partial or full awareness of retirement planning, a significant gap persists in actual investment behavior. Income limitations, insufficient exposure to financial schemes, and lack of professional guidance contribute to lower engagement in retirement investments. The study highlights the urgency to strengthen financial literacy programs, workplace education, and policy frameworks to support better retirement planning for women.
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THAKKAR, S. (2026). A RESEARCH ON FINANCIAL PLANNING FOR RETIREMENT AMONG WORKING WOMEN. ShodhSutra, 1(1), 43–50. https://doi.org/10.5281/zenodo.23811680
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This paper investigates the impact of macroeconomic announcements on gold prices (XAU/USD) in the forex market and the corresponding behavioral responses of retail investors, with particular focus on the Indian market. Using a mixed-methods approach combining a primary survey of 100 respondents with secondary data analysis, the study finds that interest rate decisions by the U.S. Federal Reserve and inflation data (CPI) are the most influential drivers of gold price volatility. Correlation analysis yielded r = 0.76, confirming a strong positive relationship between macroeconomic news and gold price movements. Both hypotheses of the study are accepted: macroeconomic announcements significantly affect gold price volatility, and investor awareness of such announcements significantly influences trading behavior. The study also reveals that 40% of retail traders rely primarily on social media for financial information, underscoring the need for structured financial literacy programs. The findings contribute to bridging macroeconomic theory with behavioral finance in the context of Indian forex gold trading.
This study focuses on understanding the role of Artificial Intelligence (AI) in enhancing efficiency and decision-making in the Indian capital market. The capital market plays a vital role in economic growth by connecting investors and businesses, and with the advancement of technology, AI has become an important tool in transforming financial operations. The study highlights how AI-driven systems such as algorithmic trading, robo-advisors, and predictive analytics are improving trading speed, accuracy, and risk management. It also examines how AI reduces human bias and supports data-driven decision-making. At the same time, the study identifies challenges such as regulatory concerns, cybersecurity risks, and lack of transparency in AI systems. Overall, the research concludes that AI is significantly improving the efficiency of the Indian capital market while also creating the need for proper regulation and responsible implementation.
Financial literacy has become an essential component for ensuring financial inclusion and economic stability, particularly in a rapidly developing country like India. This research study evaluates the effectiveness of financial literacy programs implemented by major regulatory and educational institutions, primarily the National Institute of Securities Markets (NISM) and the Reserve Bank of India (RBI), in Thane and Mumbai Districts of Maharashtra. The study focuses on key determinants of financial literacy: financial knowledge, financial behaviour, financial attitude, and awareness of government-led initiatives. From a survey conducted among 101 respondents, findings indicate low awareness of NISM’s educational initiatives (only 14.9%) and moderately satisfactory awareness of RBI’s financial literacy campaign, “RBI Kehta Hai” (around 75%). Additionally, older respondents reflected stronger financial knowledge—aligning with national survey insights suggesting gradual improvement in financial literacy since 2013. The study concludes that financial literacy programs require modernization and wider outreach. Recommendations include leveraging digital education, collaborating with local institutions, and designing age-targeted initiatives to improve public financial well-being.
