• Jay Gohil
• Ambuj Sharma
• Akanksha Jha
• Shailesh Werulkar
• Shiksha Dahiya

Indian politics is a unique playground for understanding the various factors attached to it. The money spent by political parties and the budget utilized by the government in power has a co-relationship with the inflation rate, government debt, unemployment rate, and GDP Growth Rate. This Paper analyses the effects of election expenditure on economic variations in the pre-election & election period. The authors of this paper tried to gather data on different macroeconomic variables. For testing the Hypotheses, the authors have used different variables which impact the Economy, ranging from the Domestic to exogenous factors, including the Budgetary components, rainfall patterns in India and the world GDP, covering almost 3 decades of Indian Economy, starting from the year 1990. They have also given due consideration to the factors which distinguish an election year from the non-election year and have encompassed the market sentiments in the findings. The authors’ analysis walks through the reader, the different perspectives even while rejecting or accepting the hypotheses. The authors have used to the Multiple Regression Model to substantiate their results and have provided the reader the explanation of any unintelligible data points, spikes in resultant graphs and results.

Election Expenditure, Government Policies, Political Budget Cycle, Fiscal Policy.

"Effect Of Election Expenditure On Indian Economy", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 3, page no.c298-c307, March-2023, Available :http://www.jetir.org/papers/JETIR2303237.pdf

"Effect Of Election Expenditure On Indian Economy", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 3, page no. ppc298-c307, March-2023, Available at : http://www.jetir.org/papers/JETIR2303237.pdf