I think India's decision is based on 2 things: 1 - which you have already mentioned: lack of knowledge. This could also be the reason why regulations in India have been very spontaneous and numerous in nature. 2ns - this is my opinion and only guessing: controlling personal wealth. The potential of course is huge, but through taxes they can not only deter more from "freeing" themsleves but also lay control on a more intricate level.
BTW, which country have your colleagues moved to?
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