India's finance industry has profited handsomely from an emerging culture of speculation. But retail traders are losing billions in a booming stock market.
In 2023, Indian investors traded 85 billion options contracts, more than anywhere else in the world. Regulators are alarmed that they are bypassing the tried-and-true way to build wealth. Despite rules against it, promoters and influencers have found a grey area to push the dream of stock market riches to the country's fast-growing cadre of small investors. Read how the authorities are trying to crack down: https://bloom.bg/48eRmnm
: Subhash Sharma for Bloomberg Markets
