Modi’s Party Retains Top Spot With More Donations Than Rivals
- Strong finances give BJP big advantage in campaigning
- India’s next general elections are due in first half of 2024
Narendra Modi
Photographer: Prakash Singh/BloombergThis article is for subscribers only.
Prime Minister Narendra Modi’s ruling party mopped up nearly three times more funds than India’s other national parties via electoral bonds, giving it a huge advantage ahead of several provincial polls this year and national elections due in 2024.
The Bharatiya Janata Party received nearly 52.72 billion rupees ($640 million) through the controversial funding tool that allows companies to donate to political parties anonymously, while other main national parties got 17.83 billion rupees in six years to 2022, according to a report by the Association for Democratic Reforms, based on data from India’s independent Election Commission.