​ The Digi-monetisation matrix

Keen to know why the number of Indians who pay tax is so small and there is a lot of corruption. Just look at the amount of cash we use to conduct our lives. Indians have the highest cash-to-GDP ratio in the world among major economies.

While any payment through bank channels leave a trace, using cash to pay a bribe does not leave any. That is the main reason that people prefer cash. It also leads to shooting up of prices and is the main reason for inflation, especially for assets like real estate and gold.