The fallout: India’s governing Bharatiya Janata Party, or BJP,accused Congress Party Leader Rahul Gandhi last Thursday of having solicited foreign interference at a speaking engagement in England in 2024, before that year’s Indian elections. Congress denied the allegations and asked the government foran investigation of Trump’s claim.
The findings. On Monday, the Indian Finance Ministry reported that in 2024,USAID gave $750 million to seven projects related to agriculture, renewable energy, and health care, none of which was related to elections. Indian mediaalso reported that the funding was designated for Bangladesh, not India, to support youth civic engagement initiatives there before that country’s January 2024 elections – and that $13.4 million was utilized. Congress General Secretary in-Charge Jairam Rameshthen accused the BJP of spreading “fake news” about Gandhi and called the party “a procession of liars and illiterates.”
More than just India? While Russia has long been the focus of foreign interference allegations, the United States’ role in foreign elections is under the microscope as well. Musk stands accused ofelection interference in Romania and also was fiercely criticized for his interventions in the German election campaign by new Chancellor Friedrich Merz, who compared them to interference from Russia. “The interventions from Washington were no less dramatic and drastic and ultimately outrageous than the interventions we have seen from Moscow,” Merz said. “We are under so much pressure from two sides that my absolute priority now really is to create unity in Europe.”Mastercard Economic Institute's Outlook 2026 explores the forces redefining global business. Tariffs, technology, and transformation define an adaptive economy for the year ahead. Expect moderate growth amid easing inflation, evolving fiscal policies, and rapid AI adoption, driving productivity. Digital transformation for SMEs and shifts in trade and consumer behavior will shape strategies worldwide. Stay ahead with insights to help navigate complexity and seize emerging opportunities. Learn more here.
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