"Gross Domestic Happiness showcases better picture of nation's well being than GDP"
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"Gross Domestic Happiness showcases better picture of nation's well being than GDP"
» Anusree, Coimbatore, TamilNadu, 2013-01-04 14:53:36
Quantifying results has been a borrowed concept from west which cannot measure qualitative aspects like happiness and satisfaction which are far more important than economical fgures on a holistic note.
»Oyiifjse, 1, 2015-12-08 17:55:26
»Pdsdiknh, 1, 2013-04-21 16:57:50
» Jayanthi, Bangalore, 2013-01-04 12:22:10
GDH was first putforth by bhutaneese fourth king in an annual summit. GDH depicts whether the numerical figures of GDP of a particular country contributes to the happiness of the people. Money cannot achieve certain things, recent Hurricane SANDY which created Havoc in America is an best example where money lost the race to Nature.Recent policy of Govt to allow FDI in multibrand is an good example. FDI can increase the forex reserve of the country and GDP value might peg up but in the long run kirana stores might lose the race, hence bearing a devastating effects on aam admi. Another good example is Russia's Kudankulam project where a balance have to be striked between country's energy needs and sustainable environment. Experts views point out that environment sustainiability will take a beat in course of time. With all these backdrop we can conclude that GDP gives the real picture of how Money is circulated in the market but GDH gives whether happiness percolates to all the levels of the people (BPL to High class) along with GDP growth. Current situation is GDP and GDH are two faces of the same coin.
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