Incumbent MPs Triumph in 2024 Elections, Assets Rise Significantly

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Incumbent MPs Triumph in 2024 Elections, Assets Rise Significantly

The Success of Incumbent MPs in the 2024 Elections

The 2024 elections saw a high success rate for incumbent MPs, with 66.05% of those who contested being re-elected. This is the fourth highest rate since 1967, following the elections of 1967 (76.2%), 1971 (70.8%), and 2019 (67.1%).

The average assets of re-elected MPs increased by 40% between 2019 and 2024, reaching Rs 26.14 crore. The highest declared assets belonged to Hemamalini Dharmendra Deol from the Bharatiya Janata Party (BJP), who won from UP's Mathura with assets worth Rs 278 crore.

The BJP saw the highest average increase in assets among re-elected MPs, with a 42% rise from Rs 18.6 crore to Rs 26.4 crore. The Indian National Congress (INC) also saw an increase in average assets for re-elected MPs, from Rs 11 crore to Rs 15 crore.

Among parties with more than one re-elected MP, the Nationalist Congress Party – Sharadchandra Pawar had the highest average assets, amounting to Rs 87.5 crore.