Subscribe to enjoy similar stories. MUMBAI : Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. A large number of traders lost their money in India’s futures & options (F&O) market, showed an analysis by the Securities and Exchange Board of India (Sebi).
Meanwhile, China has unveiled a massive stimulus programme to boost its economy. A staggering 91.5% of individual traders lost money in options trading and 59.6% in futures in 2023-24, according to a study by Sebi. F&O trading is a type of investment where investors don’t buy or sell an actual asset but a contract that represents the asset at a specific price on a specific day in the future or at a specific price within a specified timeframe.
The F&O lossmakers, however, incurred a smaller average loss of ₹120,000 per person in 2023-24 compared to ₹143,000 in the previous fiscal year. The unemployment rate in India has halved to 3.2% in 2023-24 (July-June) compared to 6.1% in 2017-18, showed a Mint analysis of the government’s Periodic Labour Force Surveys (PLFS). However, the overall figure masks the many challenges in India’s job market, particularly those faced by educated job seekers.
The unemployment rate for those with secondary and above education remains elevated at 7.1%, even as it has also come down from 11.4% in 2017-18. This trend has raised questions over the lack of high-quality jobs and opportunities in the formal sector. 29: That is the number of greenfield airports India is planning to build in underserved regions over the next two decades, with an aim to link smaller towns with global air routes, Mint reported.
Read more on livemint.com