the election is still a candidate. At Wikidata we know about 581 candidates and given that there are 543 seats in the Lok Sabha, many candidates are missing.
It could be because the articles were not included in one of the categories of candidates. It could be because they do not have an article. All these candidates are notable in a very real way; elections are expensive and only candidates that have an appeal are fielded by the political parties.
To make this picture more complete several things can be done. For each candidate without a Wikidata item, an item can be created. The candidate is human, a citizen of India, he is a candidate. Candidates compete in an electoral district typically for a political party.
Yes, we need labels for all of them in all the languages of India as well for best effect.