India gears for Elections: Is it worth Rs. 10,000 Crore?

Indian Election commission finally set the much awaited election date for the biggest democracy of the world. And there are estimates that the expanses for the election will be somewhere near to Rs 10,000 Crore which will surpass the cost what Barack Obama and others spent in the US presidential race.

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India's hot growth is slowing quickly, the country is embroiled in a tense to-and-fro with nuclear-armed neighbor Pakistan after the late-November terrorist attacks in Mumbai, and a streak of inflation has spread unease among India's vast rural population. In such a time when the economy is going through the tough phase, is it wise to spent such a big amount on election?