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Key Points

BJP MP PP Chaudhary revealed that synchronized elections could save India Rs 4.5 lakh crore, per JPC findings. The committee consulted ex-CJIs and economists like NK Singh to assess feasibility. Chaudhary emphasized bipartisan support for the reform, calling it a "golden opportunity." The proposal could also yield Rs 7 lakh crore if states align election cycles.

Key Points: BJP's PP Chaudhary Says One Nation One Election Can Boost Economy by Rs 4.5 Lakh Cr

  • JPC estimates simultaneous polls could save 1.6% of GDP
  • State-level synchronized elections may add Rs 7 lakh crore
  • Former CJIs Khehar and Chandrachud consulted on legal feasibility
  • Economist NK Singh supports financial benefits in JPC deposition
2 min read

If elections across country are held together, it boosts our economy by Rs 4.5 lakh cr: BJP's PP Chaudhary

BJP MP PP Chaudhary claims simultaneous elections could save Rs 4.5 lakh crore, citing JPC findings on GDP impact and financial benefits.

"If elections across the country are held together, it boosts our economy by Rs 4.5 lakh crores. – PP Chaudhary"

New Delhi, July 30

BJP MP and Chairperson of the Joint Parliamentary Committee on 'One Nation, One Election', PP Chaudhary, on Wednesday, said that if elections across the country are held together, it will boost the economy by Rs 4.5 lakh crores.

Chaudhary made the statement after the Joint Parliamentary Committee (JPC) meeting on 'One Nation One Election' was convened today at the Parliament House.

"We held discussions on the effects of simultaneous and non-simultaneous elections on the economy of the country... It affects as much as 1.6% of the GDP," Chaudhary said.

He added that the proposed policy could result in significant financial gains at both the national and state levels.

"If elections across the country are held together, it boosts our economy by Rs 4.5 lakh crores. Simultaneously, if state-level elections are held together, it benefits our country by Rs 7 lakh crores," he said.

Earlier today, Several MPs of the committee arrived at the Parliament House Annexe for the Joint Parliamentary Committee (JPC) meeting on 'One Nation One Election'.

Noted economist NK Singh deposed before the panel. Singh was a former Rajya Sabha Member, Chairman of the Fifteenth Finance Commission of India, former Member of the Planning Commission, former Revenue Secretary, and Secretary to the former Prime Minister.

He was assisted by Dr Prachi Mishra, Professor of Economics and Head and Director of the Isaac Centre for Public Policy, Ashoka University, during the deposition.

Earlier, the JPC had met on July 11 and held interactions with legal experts, including former Chief Justices of India, Justice J S Khehar and Justice D Y Chandrachud.

Following the meeting, Committee Chairman P P Chaudhary had described the initiative as a golden opportunity for the panel to contribute to nation-building, with all members focused on preparing robust legislation.

"Today, a meeting was held for the 'One Nation, One Election'... Former CJIs Justice Khehar and Justice Chandrachud...were present before us, and we had an interaction. This is a golden opportunity for this committee for nation-building... All the members of the committee are above the party politics and are focused on preparing a good 'One Nation, One Election' Bill," Chaudhary told ANI.

- ANI

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Reader Comments

P
Priya S
While the economic benefits sound impressive, I worry about regional issues getting overshadowed in national elections. Our states have diverse needs that shouldn't be ignored.
A
Arjun K
Finally some sensible thinking! The current system keeps the country in permanent election mode. How can any government work properly when they're always campaigning?
S
Sarah B
As someone working in the development sector, I can confirm the massive resources wasted in election cycles. This money could transform healthcare and education infrastructure!
V
Vikram M
The numbers sound too good to be true. Has any independent study verified these claims? We need transparency in how these calculations were made.
K
Kavya N
My father works in election duty and he says the logistical challenges would be enormous. But if it benefits the nation, we should definitely try to make it work! 🙏
M
Michael C
Interesting proposal. In my country, we have fixed election dates which brings stability. India could benefit from similar electoral reforms.

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