 "economy")
A debate is underway in India on whether the state should use its coercive power to prohibit weekly option contracts. This follows regulatory concerns about the scale of retail participation and the high proportion of individual traders who incur losses. While these concerns are understandable, a ban would be a policy error. It is a misdiagnosis of the problem and risks damaging hard-won financial-market development. We should not dismantle functioning markets; we should learn from global experience and foster a deeper, more resilient financial ecosystem.
The debate is being framed incorrectly as a tradeoff between speculation
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