What are the economic benefits and challenges of ‘One Nation-One Election’?

The Joint Parliamentary Committee discussed “One Nation-One Election,” highlighting economic benefits like a 1.5% GDP boost but also challenges such as fiscal deficit rise, disrupted education, and strained law enforcement. Experts emphasized balancing simultaneous polls with governance efficiency. Stay updated with Dynamite News for more.

New Delhi: The Joint Parliamentary Committee (JPC) on Wednesday held its sixth meeting on "One Nation-One Election." In this meeting, 15th Finance Commission Chairman N.K. Singh and Professor of Economics Dr. Prachi Mishra gave his views. He called the Lok Sabha and State Assembly elections simultaneously as economically beneficial.

According to him, this can increase the GDP of the country by 1.5%, which will be equal to about Rs 4.5 lakh crore according to the 2023-24 data. However, the fiscal deficit can also increase by 1.3% due to increasing government spending after elections.

Major Judicial Reshuffle in UP: New District Judges Appointed for Gorakhpur, Ballia, Rae Bareli and Sant Kabir Nagar

Incessant election disadvantages

1. Economic Effect:

Repeated elections negatively affect areas like manufacturing, construction, tourism, and healthcare. During the election, migrant laborers often return to their village, affecting productivity. About one-third of India's population belongs to migrant laborers, and repeated elections put financial pressure on them.

2. Effect on education:

Teachers are repeatedly deployed due to election duty, and schools are made polling stations. This disrupts the education system and reduces the admission rate in schools by about 0.5%.

3. Law and Order Challenge:

Long deployments of policemen for election duty increase crimes, as the regular police system weakens.

Parliament Session Turns Political Battle: Rahul Gandhi criticizes Government, Amit Shah hits back; Watch video

4. Obstruct government functioning:

Government schemes and development works are delayed due to the Model Code of Conduct. This slows down administrative processes.

5. Promotion of populist policies:

Elections have been held every year in India since 1986, due to which the country continues to live in "electoral mode." This increases the promotion of populist policies by political parties, which can be harmful to the economy in the long run.

Impact of US tariffs on Europe: How will China make more profits from US tariffs? Will the ECB have to cut interest rates again?

The country can get economic benefits by holding elections simultaneously, but there are many challenges in its implementation. The government will have to formulate a balanced policy keeping all these aspects in mind.

Stay tuned to Dynamite News for further updates like this.