There has been an average increase of 43 per cent over the last five years in the assets of 324 re-contesting Lok Sabha members, according to an analysis by a poll rights body.
According to the Association for Democratic Reforms (ADR), which analysed self-sworn affidavits of 8,337 (of the total 8,360) candidates contesting the 2024 Lok Sabha polls, the average assets of these 324 MPs in 2019 was around 21.55 crore.
The average asset value of these re-contesting MPs has increased "significantly" to ₹30.88 crore, marking an increase of ₹9.33 crore over the past five years, an average percentage growth of 43 per cent, it said.
The ADR could not analyse the affidavits of 23 candidates as these were badly scanned and thus illegible. The ADR said among the major parties, Bharatiya Janata Party (BJP) MPs saw a 39.18 per cent increase in the average assets of its re-contesting 183 MPs (from ₹18.40 crore to ₹25.61 crore). It was 48.76 per cent for 36 Congress MPs (from ₹44.13 crore to ₹65.64 crore).
'Crorepati' candidates The percentage of 'crorepati' candidates, those who have assets of ₹1 crore or more, as a share of total candidates contesting the Lok Sabha polls, has doubled since 2009, the ADR's analysis stated.
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