New Delhi, May 20 -- Conducting Lok Sabha elections, Assembly and local body elections simultaneously could save nearly Rs.7 lakh crore, improve governance efficiency and add up to 1.6 percentage points to India's Gross Domestic Product (GDP) growth, Bharatiya Janata Party (BJP) lawmaker P.P. Chaudhary said.

Chaudhary, who is the chairperson of a 39-member Joint Parliamentary Committee (JPC) examining the One Nation One Election proposal, said Prime Minister Narendra Modi had constituted an eight-member high-level committee under former President Ram Nath Kovind to examine the idea before referring it to the JPC.

The Kovind committee spent approximately 186 days preparing its report.

The committee's recommendations propose synchronisin...