Who Pays, Who Bribes, Who Flees, Who Profits: BJP’s Swelling Coffers Amid Exploding External Debt by DebaprasadBandyopadhyay
Via Flickr:
onceinabluemoon2021.in/2026/01/06/who-pays-who-bribes-who... India’s neoliberal delusion stands exposed in this searing critique: As the ruling Bharatiya Janata Party (BJP) amasses an astronomical financial empire—ballooning from modest pre-2014 assets to ₹7,113 crore in cash/bank balances and over ₹10,107 crore in election war chests by late 2025, propelled by ₹6,088 crore in opaque donations overwhelmingly routed through electoral trusts post the 2024 bonds ban—the nation reels under a crushing $747 billion external debt surge since 2014, an 81-82% general government debt-to-GDP ratio, and regressive taxation that fleeces salaried citizens and the poor to service crony megaprojects. This comprehensive exposé unmasks the entrenched nexus of corporate-political capture: conglomerates like Adani-Ambani reap windfalls from policy favors while enjoying 15-20% effective tax rates; super-rich wilful defaulters (2,104 owing ₹1.76 lakh crore) evade justice through sham settlements and fugitivity; flagship schemes like PMKVY and PMAY bleed billions in scams and diversions; and opacity shrouds funds like PM CARES. Amid extreme inequality (top 1% holding 40% wealth), youth despair, and looming hyper-inflation risks, the article demands radical reforms—wealth taxes, donor caps, CAG audits, GST relief on essentials—to dismantle this oligarchic plunder before systemic collapse engulfs the exploited masses.