ADR Report: The Association for Democratic Reforms (ADR) released a report on Wednesday, unveiling information about the financial year 2022-23 income of six national parties. By Rishabh Namdev | February 29, 2024 | 2 Minutes Read
Key Findings of ADR Report
According to the report, these parties collectively declared a total income of approximately ₹3077 crores. The Bharatiya Janata Party (BJP) emerges as the top earner among the six national parties, contributing the largest share to this declared income. The ADR report indicates that the BJP declared an income of around ₹2361 crores in the financial year 2022-23, representing the highest among the six national parties. This constitutes a significant 76.73% share of the total income, marking a substantial increase.
Congress, Second Largest Party with Income Growth
Securing the second position is the Indian National Congress, which reported an income of approximately ₹452.375 crores in the fiscal year, constituting a 14.70% share of the total income. This report sheds light not only on the BJP and Congress but also on other parties, including the Bahujan Samaj Party (BSP), Aam Aadmi Party (AAP), National People’s Party (NPP), and Communist Party of India-Marxist (CPI-M), all of which disclosed their respective incomes.
Income Growth Comparison
Compared to the previous financial year 2021-22, the ADR report indicates a notable income growth of 23.15% for the BJP. Additionally, the NPP recorded a growth rate of 1502.12%, and AAP reported a growth rate of 91.23%.
Expenditure Analysis
Despite the overall increase in declared income, the BJP has successfully maintained a higher savings ratio. The BJP utilized 57.68% of its total income, amounting to ₹1361.684 crores. In contrast, both the Congress and AAP spent more than their income, impacting their financial positions negatively. According to the data, the Congress declared an income of ₹452.375 crores but incurred expenses of ₹467.135 crores.
The ADR report serves as a crucial insight into the financial dynamics of national political parties, with the BJP leading in both declared income and effective financial management. These revelations provide citizens with valuable information about the economic health and expenditure patterns of major political entities in the country.
Note: The data and analysis are based on the ADR report, and variations may occur based on individual party practices and disclosures.