A report by the Association for Democratic Reforms (ADR) finds that the total income of 36 regional political parties declines by more than half in financial year 2024-25. The combined income falls by over 51%, reaching ₹1,192.94 crore, down from the previous year. The report also states that spending rises relative to income: expenditures exceed income by nearly 20% across the group. According to the report, 21 of the 36 regional parties spend more than they earn. Despite the overall decline, a small number of parties account for a large share of both income and spending. The Telugu Desam Party (TDP) declares the highest income among regional parties at ₹228.31 crore, which the report says is 19.14% of the total. Other top income contributors include the All India Trinamool Congress (AITC/TMC) and the YSR Congress, which are described as close behind TDP. The findings are based on ADR’s analysis of financial disclosures for 2024-25.