New Perplexity AI Tool to Disclose Stock Investments of Indian Politicians

The new feature will leverage asset declarations from the Lokpal Act to enhance financial transparency in political parties.
Image by Nalini Nirad

Indians using Perplexity AI will soon gain access to information on the stock holdings of politicians in various companies, with the San Francisco-based AI firm expected to introduce this feature in the coming weeks.

This announcement was made by Perplexity AI’s CEO, Aravind Srinivas, who confirmed on X that details of Indian politicians’ holdings would soon be available on Perplexity Finance.

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Currently, Perplexity Finance allows users to track the stock holdings and trading activity of American politicians, which many users believe is crucial for ensuring transparency. There are two primary methods available for monitoring the trading activities and holdings of US politicians.

Users can search for a publicly traded company to view its shareholders, which includes politicians. For example, on Amazon’s page, selecting ‘Holders’ and then ‘Politicians’ reveals notable shareholders like Nancy Pelosi, Ron Wyden, Tim Scott, Rick Allen, and Kevin Hern.

The data provided by Perplexity Finance is sourced from financial disclosure filings made by the US Congress, the Senate, and various government ethics organisations, which are key documents for tracking politicians’ stock trades and holdings.

For the Indian context, Perplexity Finance is expected to gather information from annual asset and liability declarations mandated by the Lokpal and Lokayuktas Act of 2013, as reported by Mint. 

Other potential sources include election affidavits, disclosures required by SEBI, contribution reports, audited annual financial statements, and election expenditure documents submitted by political parties to the Election Commission of India (ECI).

Srinivas’ post on X proposing to establish a comparable system in India could be important for the country, and if it proves effective, it is expected to enhance the transparency of financial dealings among politicians.

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Picture of Smruthi Nadig
Smruthi Nadig
Smruthi brings over two years of experience in reporting on the global energy industry. They hold a Master's Degree from the University of Leeds in International Journalism and a Bachelor's Degree from Christ University in Media Studies, Economics and Political Science.
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