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BJP’s FY24 income at whooping ₹4,340 cr was three times more than 5 other national parties combined. Full numbers here
In FY 2023-24, the BJP reported a staggering income of ₹4,340 crore, overshadowing the combined earnings of five other national parties. This financial dominance highlights the BJP's fundraising capabilities.
The Bharatiya Janata Party (BJP) has declared a total income of ₹4,340.4 crore during FY 2023-24 but spent only 51 per cent of it, amounting to ₹2,211.6 crore, an analysis by election watchdog, Association for Democratic Reforms (ADR), said on February 17.
The Congress party's total income for the same financial year was ₹1,225 crore, while its expenditure for the year was ₹1,025 crore, which is 83.69 per cent of its total income, the ADR analysis said.
The ADR analysed the national parties' total income and expenditure incurred all over India during FY 2023-24, as declared by the parties in their annual audit report submitted to the Election Commission of India (ECI).
There are six national parties in India. Apart from the BJP and the Congress, the other national parties inlcude the Bahujan Samaj Party (BSP), the Communist Party of India- Marxist (CPIM), the Aam Aadmi Party (AAP) and the National People’s Party (NPEP).
The due date for submission of annual audited accounts for the parties was October 31, 2024.
Only the BSP, the NPEP, and the AAP submitted their audit reports on time, while the CPI(M), the INC, and the BJP submitted them after a delay of 12 days, 53 days, and 66 days, respectively, the ADR said.
Here are the key findings from the analysis:
- The BJP declared a total income of ₹4,340.4 crore during FY 2023-24 but spent only 50.96 per cent of it, amounting to ₹2,211.6 crore.
- The Congress party's total income was ₹1,225 crore, while its expenditure for the year was ₹1,025 crore, which is 83.69 per cent of its total income.
- CPI(M)’s total income was ₹167.636 crore. The party spent ₹127.283 crore, which is 75.93 per cent of its income.
- BSP’s total income was ₹64.7798 crore, while its expenditure for the year was ₹43.189 crore, which is 66.67 per cent of its total income.
Total Income of national parties for FY 2023-24
- The total income of the 6 national parties has been compiled from the income from various sources pan India, as submitted in their annual audit reports.
- These parties (BJP, INC, CPI(M), AAP, BSP and NPEP) have declared a total income of ₹5820 crore, collected from all over India.
- The BJP has shown the highest income among the national parties, with an income of ₹4340 crore during FY 2023-24. This forms 74.5 per cent of the total income of six national parties during FY 2023-24.
- The Congress declared the second-highest income of ₹1225 crore, which forms 21 per cent of the total income of the 6 national parties.
Comparison of total income of national political parties between FY 2022-23 & FY 2023-24
- Between FY 2022-23 and 2023-24, the income of BJP increased by 83.8 per cent ( ₹1,979.629 cr) from ₹2,360 cr during FY 2022-23 to ₹4,340 crore during FY 2023-24.
- Income of Congress increased by 170 per cent ( ₹772 cr) from ₹452 crore during FY 2022-23 to ₹1,225 crore during FY 2023-24 and income of CPI(M) increased by 18.34 per cent ( ₹25.975 cr) from ₹ 141.661 crore during FY 2022-23 to ₹167.636 crore during FY 2023-24.
Top 3 sources of income of national parties for FY 2023-24
- National parties that received the highest income from donations/contributions include BJP– ₹3,967.1484 crore, Congress - ₹1,129 crore, CPI(M)– ₹74.867 cr, AAP– ₹ 22.139 cr, and NPEP– ₹ 17.69 lakh.
Top 3 items of expenditure of national parties for FY 2023-24
- The maximum expenditure for BJP has been towards election/general propaganda, which amounted to ₹ 1,754 crore followed by expenses towards administrative costs, ₹ 349 crore.
The BJP's financial strength is a clear indication of its political influence in India.
- The maximum expenditure for Congress has been towards election expenditure which amounted to ₹619 crore followed by expenses towards Administrative & General – ₹340 crore.
All sources of income declared by national parties, FY 2023-24
- Three national parties, namely BJP, INC and AAP, collected 43.36 per cent ( ₹ 2524 crore) of their total income from donations through Electoral Bonds for FY 2023-24. The BJP received donations through Electoral Bonds worth ₹1685.6261 crore, the Congress ₹828 crore and the AAP received ₹10.15 crore
- During FY 2023-24, 6 national parties declared receiving a total income of ₹2,669.865 crore from donations/contributions.
Key Takeaways
- The BJP’s income is three times greater than the combined total of five national parties.
- The analysis by ADR reveals significant disparities in the fundraising capabilities of Indian political parties.
- Understanding the financial landscape of political parties is crucial for assessing democratic processes.
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Business NewsPoliticsBJP’s FY24 income at whooping ₹4,340 cr was three times more than 5 other national parties combined. Full numbers here
First Published:17 Feb 2025, 04:07 PM IST
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