India
The election in India may be the most costly in history.
Indian companies are primarily purchasing electoral bonds for Narendra Modi’s ruling party.
India’s parliamentary vote this spring could surpass the $10bn-16bn spent on the White House race, making it the most expensive election this year. India’s 2019 general election was already the most expensive at $8.5bn, while America’s presidential poll the following year exceeded that. This year’s elections could be more costly than America’s.
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