If wealth increases, then it should be like that of honourables! The average increase in the wealth of 324 MPs contesting again is 43% in 5 years

New Delhi : The assets of 324 MPs contesting again in the Lok Sabha elections have increased by an average of 43 percent in the last five years. This was said by the Association for Democratic Reforms (ADR) in a report based on its analysis of the last five years. According to the report, the average assets of these MPs in 2019 was around Rs 21.55 crore, while in the current election cycle the average property value has increased ‘significantly’ to Rs 30.88 crore, showing an increase of Rs 9.33 crore in the last five years. It analyzed the increase in the assets of Members of Parliament contesting again in the 2024 general elections.

Voting for the seventh and final phase of the Lok Sabha elections will be held on June 1 and the counting of votes will take place on June 4. ADR said that the assets of these 324 MPs have increased by an average of 43 per cent between the 2019 and 2024 elections.

According to the report, among the major parties, the average assets of 183 re-contesting Bharatiya Janata Party (BJP) MPs saw an increase of 39.18 per cent (from Rs 18.40 crore to Rs 25.61 crore), while the assets of 36 re-contesting Congress MPs saw an increase of 48.76 per cent (from Rs 44.13 crore to Rs 65.64 crore).

The assets of 10 Dravida Munnetra Kazhagam (DMK) MPs, who are contesting again, have increased by 19.96 per cent (from Rs 30.93 crore to Rs 37.10 crore), eight Shiv Sena MPs have increased by 48.13 per cent (from Rs 19.77 crore to Rs 29.28 crore), five Samajwadi Party (SP) MPs have increased by 20.53 per cent (from Rs 20.56 crore to Rs 24.78 crore) and eight Yuvajana Sramika Raithu Congress Party (YSRCP) MPs have increased by 84.13 per cent (from Rs 28.66 crore to Rs 52.78 crore).

According to the report, the average increase in assets of 16 Trinamool Congress MPs contesting again has been 53.84 per cent (from Rs 15.69 crore to Rs 24.15 crore), 11 Janata Dal (United) MPs have increased by 35.54 per cent (from Rs 4.55 crore to Rs 6.17 crore), one Nationalist Congress Party (NCP) MP has increased by 14.34 per cent (from Rs 12 crore to Rs 14 crore), three Bharat Rashtra Samithi (BRS) MPs have increased by 52.94 per cent (from Rs 38 crore to Rs 59 crore), three NCP (Sharad Chandra Pawar) MPs have increased by 21.05 per cent (from Rs 48 crore to Rs 58 crore) and one Janata Dal (Secular) MP has increased by 317 per cent (from Rs 9 crore to Rs 40 crore).

The ADR said the average increase in assets of re-contesting MPs of the Bahujan Samaj Party (BSP) was 25.37 per cent (from Rs 8.46 crore to Rs 10.61 crore), for Shiv Sena (Uddhav Balasaheb Thackeray) it was 68.4 per cent (from Rs 7.01 crore to Rs 11.80 crore), for Biju Janata Dal it was 184.02 per cent (from Rs 2.41 crore to Rs 6.85 crore), for Telugu Desam Party it was 143.2 per cent (from Rs 18.90 crore to Rs 45.97 crore), for Indian Union Muslim League it was 104.9 per cent (from Rs 13.07 crore to Rs 26.78 crore) and for Sikkim Krantikari Morcha it was 3000.51 per cent (from Rs 4.78 lakh to Rs 1.48 crore).

It said the average increase in assets of re-contesting MPs of All India Majlis-e-Ittehadul Muslimeen was 35.12 per cent (from Rs 10.43 crore to Rs 14.09 crore) and in case of Communist Party of India (Marxist), it was 97.61 per cent (from Rs 85.40 lakh to Rs 1.68 crore).

In the case of Viduthalai Chiruthaigal Katchi, the increase was 117.36 per cent, and the re-contesting MPs of Shiromani Akali Dal (Amritsar) witnessed a marginal decline of three per cent in their assets, the report said.