New Delhi, March 5 -- Women are often seen as careful with money: disciplined savers, meticulous budgeters and the quiet custodians of household finances. Yet that financial prudence does not always translate into meaningful investment decisions or wealth creation.

Indian women retire with nearly 40% less wealth than men, far wider than the OECD gap, according to data quoted in a Lxme-EY report. OECD is Organisation for Economic Co-operation and Dvelopment.

"Savings accumulate, but do not convert into productive assets. Women manage household finances, yet frequently defer investment authority. Financial participation is high; financial power remains limited," says the report titled, Unlocking Her Wealth: The Untapped Economy - Redesign...