A STUDY ON FINANCIAL WELLBEING IN SOME SELECTED CITIES OF GUJARAT

Author(s)	Dr. Prashant Prahladbhai Patel
Country	India
Abstract	This paper investigates financial wellbeing across five selected cities of Gujarat — Ahmedabad, Surat, Vadodara, Rajkot, and Gandhinagar — using a household-level survey-based measure of financial wellbeing and related indicators (monthly income, savings rate, access to formal credit, debt-to-income ratio, and financial literacy). A sample of 600 respondents (120 per city) was used for the illustrative analysis. The study applies descriptive statistics, trend analysis, and inferential testing (one-way ANOVA) to identify inter-city differences and drivers of financial wellbeing. The results (illustrative sample) show significant differences across cities: Gandhinagar and Surat report the highest mean wellbeing, while Rajkot and Vadodara report comparatively lower wellbeing scores. The paper offers policy recommendations to strengthen household financial resilience in lower-scoring cities.
Keywords	Financial wellbeing, Gujarat, household survey, financial literacy, savings, debt-to-income, ANOVA.
Field	Business Administration
Published In	Volume 7, Issue 6, November-December 2025
Published On	2025-11-22
DOI	https://doi.org/10.36948/ijfmr.2025.v07i06.61435
Short DOI	https://doi.org/hbb76s

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