Cash energy is likely one of the important challenges in each election in India and in relation to Lok Sabha polls, it’s even greater. Within the final three Lok Sabha elections, held between 2009 and 2019, one in each 4 candidates had property price greater than Rs 1 crore.
The info from the Affiliation for Democratic Reforms (ADR) and Nationwide Election Watch, analysed by News18, reveals {that a} complete of 5,763 candidates within the final three Lok Sabha polls had been crorepatis of the whole 23,943 candidates.
Within the final three Lok Sabha elections, the variety of crorepati candidates has gone up — 1,249 in 2009 to 2,297 in 2019.
Within the final three Lok Sabha polls, the richest candidate within the fray was Infosys co-founder Nandan Nilekani, with declared property price over Rs 7,700 crore. He contested the 2014 Lok Sabha polls from Bangalore South as a Congress candidate.
The 2024 Elections
This time, within the first two phases, a complete of two,823 candidates are within the fray and 840 amongst these are crorepatis — three in each 10 candidates have property price greater than Rs 1 crore.
To date, of the candidates who’ve filed their nomination, together with these from section three, the richest is a joint candidate of NDA from the Telugu Desam Celebration preventing from Guntur — Pemmasani Chandra Sekhar — who’s making his election debut. The TDP-JSP-BJP alliance candidate from Chandrababu Naidu’s occasion has declared household property price almost Rs 5,785 crore.
As per his ballot affidavit, Sekhar, a physician, has particular person property price Rs 2,448.72 crore whereas his spouse’s property are price Rs 2,343.78 crore and their youngsters have near Rs 1,000 crore.
His closing positioning among the many candidates by way of property can solely be decoded after nomination submitting is finished for all of the seven phases.
The 2024 Lok Sabha elections might be held in seven phases from April 19 and June 1. The counting of votes is on June 4.
RICH CANDIDATES GETTING RICHER
On this election, the second-richest identify to this point is BJP’s Chevella candidate in Telangana — Konda Vishweshwar Reddy — with property price Rs 4,568 crore.
In 2014, he was a candidate from the identical seat from Telangana Rashtra Samithi (TRS) occasion. Again then, the value of his property had been Rs 528.62 crore — sixth-richest. In 2019, he was a Congress candidate with property price Rs 895 crore — second-richest. Within the final 10 years, he has gotten richer by about 9 instances.
BEING RICH NO GUARANTEE OF WINNING
An unbiased candidate, Ramesh Kumar Sharma, was the richest candidate in 2019 with declared property price Rs 1,107 crore. He fought the polls from Patliputra constituency in Bihar and managed to get nearly 1,550 votes, ending up shedding the deposit.
Reddy, the second-richest candidate in 2019, additionally misplaced the elections.
In 2014, the richest candidate was Infosys co-founder Nilekani, with declared property price over Rs 7,700 crore. Contesting as a Congress candidate from Bangalore South, he misplaced the polls. That yr, the second-richest candidate was Shamali Das, who fought as an unbiased from Kolkata South and Jadavpur constituencies. She had declared property price Rs 1,977 crore. She too failed to achieve the Home.
In 2009, the richest candidate was J Mohanraj, with declared property price Rs 1,977 crore. A candidate of unrecognised Jebamani Janata Celebration, he misplaced the polls from South Chennai.
The second-richest candidate in 2009 was Congress chief VM Singh with declared property price Rs 632 crore. A candidate from Uttar Pradesh’s Pilibhit, Singh misplaced the polls that yr.
RICH CANDIDATES HAVE BETTER CHANCE OF WINNING
Whereas it’s true that being wealthy is just not a assure for victory, the numbers present that it does enhance the prospect of profitable. For each 10 Lok Sabha members elected between 2004 and 2019, about seven have been crorepatis.
In 2019, the prospect of profitable for a crorepati candidate was 21 per cent and for these with property lower than Rs 1 crore was only one per cent, as per ADR. The numbers from 2014 present that the probabilities of profitable for a crorepati candidate had been 20 per cent and for a candidate with low property was simply two per cent.
In 2009, 33 per cent of the candidates who declared property of Rs 5 crore and above received. Then again, lower than one per cent candidates with property lower than 10 lakh received.
The variety of crorepatis making it to the Lok Sabha can also be continuously growing — from 156 in 2004 to 315 in 2009 and 443 in 2014. In 2019, a complete of 475 MPs had declared property price Rs 1 crore.
Additionally, as per ADR, the typical asset of a MP in 2004 was Rs 1.86 crore that elevated to Rs 4.56 crore in 2009. In 2014, it was Rs 14.70 crore, which elevated to Rs 20.93 crore in 2019.
Keep Forward With all of the Lok Sabha Election 2024 Associated Actual-Time Updates At News18 Web site.
 and National Election Watch, analysed by News18, shows that a total of 5,763 candidates in the last three Lok Sabha polls were crorepatis of the total 23,943 candidates){kind=link}