Indian Supreme Court ruling is a blow against crony capitalism

Party donations have surged behind veil of anonymity

Ritesh Kumar Singh

March 4, 2024 17:00 JST

Indian Prime Minister Narendra Modi, center, is congratulated at BJP headquarters after the party retained control of Uttar Pradesh in the 2022 state assembly election. © Reuters

Ritesh Kumar Singh is founder and chief executive of policy research and advisory company Indonomics Consulting in New Delhi.

Last month, the Supreme Court of India struck a strong blow against the unholy nexus between business and politics in the country by ruling a key campaign financing tool unconstitutional.