Analyzing Household Investment Choices And Their Economic Impact In Eastern India: A Comprehensive Review

Abstract

This comprehensive review analyzes household investment choices and their economic impact in Eastern India. The study examines various investment options, including real estate, gold, fixed deposits, and equities, and their prevalence among households in the region. By assessing socio- economic factors such as income, education, and risk tolerance, the review identifies patterns and preferences in investment behavior. The analysis also explores the broader economic implications of these choices, including effects on local development, financial markets, and regional economic stability. Additionally, the review considers the role of government policies and financial literacy initiatives in shaping investment trends. Through a synthesis of empirical data and existing literature, the study aims to provide insights into how household investments can drive economic growth and development in Eastern India. The findings highlight the need for targeted financial education programs and policy interventions to enhance investment outcomes and promote sustainable economic development in the region. In Eastern India, household investment selections imitate a complex interchange of income levels, financial knowledge, admission to financial amenities, and cultural stimuli. While outdated investments such as gold and real estate persist, there is a possibility for divergence into impartialities and mutual funds with targeted interferences. However, the key information has been composed by the primary quantitative survey method with the assistance of 125 participants. In this regard, four hypotheses were established and were analyzed by including SPSS analytical software.