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LATEST NEWS UPDATES | How many traders does India really have? -Sachin P Mampatta

How many traders does India really have? -Sachin P Mampatta

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published Published on Aug 26, 2016   modified Modified on Aug 26, 2016
-Livemint.com

Revised tax data reveals the numbers of traders to be a small proportion of the 20 million demat accounts required for trading in the stock market


Revised tax data that seeks to clarify the number traders in the stock market actually raises more questions than it answers.

There were 590,000 individuals who recorded short-term capital gains or losses during FY12, according to the previous tax data released in April. The maximum number of all trading entities (individuals and others) came to 2.014 million, adjusting for the possibility that some may have netted off their gains against previous losses.

This is less than half of the exchange figure of 4.288 million active investors for the year. It is a small proportion of the 20 million demat accounts which are required for trading in the stock market.

The tax department has since cleaned up the data. But the revised numbers now show only 429,000 individuals who had either short-term capital gains or losses. The maximum number of entities (individuals and otherwise) who recorded short-term gains or losses is now 1.809 million. The number of traders is down 204,889.

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Livemint.com, 26 August, 2016, http://www.livemint.com/Opinion/OZsNnsUQMwhlcHUajCAcHL/How-many-traders-does-India-really-have.html


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