Boosting Economy: The Financial Promise of 'One Nation, One Election'

In a recent meeting at Parliament House, BJP MP and Chairperson of the Joint Parliamentary Committee on 'One Nation, One Election', PP Chaudhary, emphasized the economic promise of synchronizing elections. Chaudhary remarked that conducting simultaneous elections nationwide could potentially invigorate the economy by a substantial Rs 4.5 lakh crores.

Chaudhary pointed out that the comprehensive discussions at the Joint Parliamentary Committee's meeting provided insights into the effects of both simultaneous and staggered elections on the national economy, which reportedly impacts 1.6% of GDP. The proposed policy holds the possibility of significant financial benefits, enhancing fiscal strength at national and state scales.

Esteemed economist NK Singh presented his views to the committee, supported by Dr. Prachi Mishra from Ashoka University. The session also highlighted earlier interactions with legal luminaries such as former Chief Justices Justice J S Khehar and Justice D Y Chandrachud. Chaudhary emphasized the committee's dedication to developing robust legislation, transcending party politics to ensure successful nation-building.

(With inputs from agencies.)