The panel released journalist Hindol Sengupta's book "100 Things to Know and Debate Before You Vote".
"These elections have become so personality centric, issues have been backgrounded," said Kulkarni, chairman of Observer Research Foundation who was a part of former prime minister Atal Bihari Vajpayee's office.
Kulkarni had an advisory role in Bharatiya Janata Party leader (BJP) L.K. Advani's prime ministerial campaign in 2009.
Kulkarni, however, added that despite odds, the elections were a proud moment for India.
"There are many shortcomings but the elections are a proud moment for Indian democracy... India's status as a democracy will be enhanced."