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

New Delhi [India], July 30 (ANI): 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)