Which is tougher to study; CMA or CA?

Nothing is tough, CA or CMA almost same in study and it depends upon the capability of the student. Basically CMA gives more emphasis to cost and operations while CA gives equal importance to law, cost, tax, accounts, etc. So if somebody likes more practical then go with CMA and otherwise go with CA

I will say both are tough equally but if you compare the clearing percentage then CMA is tougher as CAs passing percentage is higher, however, what I think is it's all in one's mind, once you focus and set it as a target nothing is tough, so maintain your focus and work hard to achieve your target,

The difficulty level cannot be measured as it is very subjective. Though the course content of CMA is huge, CA has a very different and difficult question pattern. CMA modules more or less guide you properly as to what kind of questions are asked in the exams but the same is not true when it comes t