The importance of personal finance management has been a topic of discussion among individuals for quite some time now. As financial and digital literacy trends continue to rise there is an eagerness among researchers, bankers, governments, multinational organizations, the World Bank, Organization for Economic Co-operation and Development (OECD) as well as National Bureau of Economic Research (NBER) alike to understand the subjects' determinants and its impact on investment decisions. 

Deakin University's Graduate Learning Outcome (GLO) defines digital literacy as "using technologies to use, Disseminate, and find information" Technology has changed the way the world is connected in recent decades. Making it more complicated than ever before. The resulting changes have affected every individual’s needs. Research conducted in developed countries like the United States and European nations consistently reveals that those with higher financial literacy tend to make better informed decisions about investments and engage in long term planning (Lusardi and Mitchell 2014; Van Rooij et al., 2011). Similar observations have been made concerning developing countries where financial literacy plays a crucial role in shaping individuals' investment behavior (Hastings et al., 2013; Remund, 2010). The positive relationship between financial literacy and investment decision making underscores the universal significance of having financial knowledge and skills when making informed decisions. 

In today’s global digital age, it is increasingly evident that digital literacy is vital for investment decision-making worldwide. Research conducted in multiple countries shows that those with high levels of digital literacy are more likely to participate in online investments leverage digital platforms and access real time market information (Lim 2017; Yang et al., 2012). This holds true for both developed and developing countries since digital technology creates crucial investment opportunities through online channels (Calvet et al., 2018; Van der Sar et al., 2018). Digital skills have a significant impact on navigating changing investment landscapes globally. 

The inter relationship between financial and digital literacy continually evolves within a dynamic global context. Studies by Robb and Sharpe (2009) indicate that there is a strong relationship between an individual's financial literacy level and their proficiency in using digital tools for investment purposes; this finding has been supported across diverse cultures. Coincidentally, Lim (2017) asserts that digital literacy knowledge enhances an individuals' familiarity with online finance education materials as well as interactive platforms. Thus, fostering both literacies is essential for enhancing global investment decision-making. For policymakers, educators, and financial institutions worldwide, addressing these findings require comprehensive educational curriculums that account for local challenges and opportunities. This would enable individuals to effectively navigate complex technological advancements whilst considering cross-cultural nuances. Promoting widespread compliance with standards of global digitization will empower investors with key information required of them to make sound investments.

With Indians approach towards the investments; researchers have found much to gain insight from when it comes down to exploring how both forms of literacy around finance and technology affect investment decision making. As noted in multiple studies conducted within India, higher levels relating to being financially knowledgeable correlate positively with better informed decisions concerning investment opportunities whilst reflecting healthy increases in confidence towards investing (Kumar and Ravi, 2017; Madhavan and Srivastava, 2015). It is noteworthy also that research backs up claims that this form of proficiency goes hand in hand with good risk perception whilst encouraging portfolio diversification (Chakraborty and Ray 2019; Reddy and Sastry, 2016). As investment activities move towards a technologically enabled format increasingly such emphasis has been given lately throughout the role played by digital proficiency amongst residents of India when making choices. 

Research indicates people who are more digitized literate are more likely engaging with online types of investments regularly due in part because they could use their abilities to utilize digital platforms for researching alongside accessing real time market knowledge (Banerjee and Bhattacharya, 2021; Ray et al., 2021). Digitally enabled opportunities have made having command over these skills even more crucial regarding shaping decision-making processes undertaken by Indians when concerning investments (Dey et al., 2018; Ray et al., 2021). 

Digital proficiency plays a vital role in empowering people within the digital financial landscape to navigate it effectively while making well informed choices. Studies show that interdependence does exist between both types of proficiencies. High levels relating to financial knowledge improves participants' digital abilities. Their transferable skills allow effective use of relevant electronic tools for investing purposes (Ray et al., 2021; Reddy and Saastry, 2016). The crux is that digital proficiency equally enhances financial literacy as online resources provide tutorials or courses and permit transactions utilizing digital financial services themselves (Banerjee and Bhattacharya, 2021; Dey et al., 2018). 

The importance of Digital Literacy (DFS) cannot be understated in enhancing financial proficiency. Research that seeks to investigate digital literacy adoption has concentrated more on aspects related to financial proficiency coupled with risk priorities over digital literary importance (Königsheim et al., 2017; Shen et al., Huawei; Morgan and Trinh, 2019) Empowering students to possess greater self-awareness regarding the significance of digital literarcy skills for daily learning experiences stands as a critical factor in this journey (Saubari and Baharuddin, 2016). The researchers emphasize abandoning traditional learning processes and embracing new technologies aided by higher self-awareness among students.

An understanding of the relationship between digital and information literacy is vital when assessing information literary standards (Cordell, 2013). The role played by digital literarcy across various types of library users makes it even more crucial for libraries. 

It is vital that at least one member of each household attains greater digital literacy levels to facilitate the actual implementation and achievement of government initiatives (Fathima, 2018) by raising awareness while creating user friendly applications that enhance accessibility for people with limited literacy (Prasad et al., 2018; Shen et al., 2018). 

Efforts directed towards building an enabling environment that leverages digital technology stand to benefit vast customer regions (Gabor & Brooks, 2017). To advance social and economic inclusion objectives. Governments can implement digital payment channels for direct disbursement to individuals. This approach can be particularly beneficial for vulnerable families with limited resources. Moreover. Such a transition complements official policies aimed at enhancing financial inclusivity (Kemal, 2016).


(The literature review is too short, Add a lost more) (Topic is the impact of digital and financial literacy on investment decisions) (Start from the middle, DO NOT START FROM THE BEGINNING, START FROM THE MIDDLE)