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Corporate Donations Surge in Indian Politics 2023-24

Corporate Donations Surge in Indian Politics 2023-24

In the financial year 2023-24, corporate donations dominated political funding in India, with 90% of contributions coming from companies. A report by the Association for Democratic Reforms revealed that major political parties received ₹2262.5 crore from corporates, while individual donations totaled ₹270.8 crore. The BJP received the lion's share with ₹2064.58 crore from corporates, while the Congress received ₹190.3 crore. The Prudent Electoral Trust was the largest donor, contributing ₹880 crore, mainly to the BJP. After the Supreme Court ended the electoral bond scheme in February 2024, donations surged through electoral trusts, highlighting a significant shift in political funding dynamics.

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