This statement has enough potential for a few Ph.D theses. Another sweeping comment is that desis are ill-educated about money. Some of them hoard it after figuring it out in rupees, live frugally to the point of going under the poverty line. Others spend it like there is no tomorrow and live on the edge. Money was something our parents used to send us every month when we were in college and thus maintain a healthy family relationship.
Money is something to be saved or borrowed to go on a trip home to India.
Exactly half of us clip coupons and after a well calculated break-even point, buy a 'standard' item like a Sony TV without any kind of consumer research. The other half would spend a tidy sum on long distance phone bills, buy the best beer and buy a 'standard' brand like a Sony TV without any kind of consumer research. Either way we are no money gurus. None of us views money as a dielectic material that can be sowed to reap higher returns. We are utterly confused and frightened by it and simply stick it in a lousy bank if we have it, earn a piddling interest and pay taxes on it.