Political Funding & Transparency

Campaign finance, electoral bonds, party funding, and money in Indian politics.

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Campaign finance, electoral bonds, party funding, and money in Indian politics.

policy15 Jul 202618 min read

Who Funded India's Democracy? Inside the Electoral Bond Data

From 2018 to 2024, India's electoral bonds scheme enabled ₹12,155 crore in anonymous political donations — 97% from corporations. When the Supreme Court struck down the scheme and ordered data disclosure, the revealed donor lists exposed a web of corporate-political relationships, shell companies, and contributions by firms under investigation.

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4 entities tracked under this topic

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organization

Election Commission of India

Independent constitutional authority responsible for administering election processes in India. Published landmark electoral bond donor data after the Supreme Court's 2024 verdict, revealing over ₹12,155 crore in anonymous political donations.

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Supreme Court of India

The highest judicial forum and final court of appeal under the Constitution of India. In February 2024, a five-judge Constitution Bench unanimously struck down the Electoral Bonds Scheme as unconstitutional, upholding citizens' right to information about political funding.

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Ministry of Finance

Nodal ministry of Government of India responsible for taxation, fiscal policy, financial sector regulation, and Union Budget preparation.

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India

India is the world's most populous country and the fifth-largest economy by nominal GDP. A federal parliamentary democratic republic with 28 states and 8 union territories.

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