Economic Gains and Challenges of Simultaneous Elections in India

Former Finance Commission chairman N K Singh and expert Prachi Mishra propose simultaneous elections in India to boost economic growth. Presenting to a parliamentary committee, they highlight a potential 1.5% GDP rise but note fiscal deficit concerns. They stress benefits like increased investment and address election-related economic disruptions.

In a compelling presentation before a parliamentary committee, former Finance Commission chairman N K Singh alongside economist Prachi Mishra argued for the economic benefits of simultaneous elections in India.

The duo highlighted a potential 1.5% rise in real GDP and other financial perks, such as heightened capital expenditure, all tied to the shift in the electoral process.

However, they flagged concerns over a rise in fiscal deficit around election periods, despite gains such as increased investment activity, especially from foreign players. The experts noted the disruptions caused by frequent elections on economic sectors like education, manufacturing, and even internal security.

(With inputs from agencies.)