India to save ₹5 lakh crore, 1.6% of GDP, under ‘One Nation, One Election regime’: JPC Chief PP Chaudhary

India will be able to save 1.6 percent of its GDP, amounting to Rs 5 lakh crore, if Lok Sabha and state assembly elections are held simultaneously. This was stated by PP Chaudhary, chairman of the Joint Parliamentary Committee on the Constitution (129th Amendment) Bill, 2024, and the Union Territories Laws (Amendment) Bill, 2024, in Dehradun on Thursday.