0:22
In this brief commentary, the speaker recalls hearing that only about 2% of the Indian population paid taxes, highlighting a massive tax compliance problem. He connects this low rate to India's large cash‑based economy and the fact that many citizens are unbanked, which makes tracking income and tax collection difficult. The speaker notes that taxes are often seen as optional and that the statistic he mentions is roughly a decade old, expressing uncertainty about whether the situation has improved since then.
