Does happiness comes by GDP?

 The concept of richness that has been used to countries after the Second World War is production and sales combined with a high degree of economic commerce. Economic growth is the sole source of well-being as it is tangible and financial. But it has been heavily criticised to use one characteristic alone to determine a nation's prosperity. New definitions of wealth that go beyond financial riches have also been proposed, as has the addition of happiness and well-being as measured by Bhutan's gross national happiness index. We can identify concepts like the satisfaction of basic needs like food, housing, health, education, culture, and involvement in community life that are perceived as opportunities for individual and collective growth, rather than as deficiencies, despite the varying perspectives that the authors and organisations endorsing these ideas apply to them. Equal opportunity, gratifying employment, conservation of natural resources, and a safe living environment are some concepts that are evident. One is connected to the larger society through social interactions and relationships. As they attain additional significance, these ideas are becoming more and more credible. It has become crucial for citizens and democracy to engage in discourse about the concepts of prosperity, well-being, and happiness—despite the fact that these concepts have been tainted and contaminated by the materialist elements of a society focused on growth. Redefining wealth means adopting new evaluation instruments, a new value system and hierarchy, and a new understanding of "what really counts" with regard to of public policy. A society's level of well-being is not properly reflected by the economic growth indicator, which calculates changes in GDP. Even though it has received a lot of criticism over the past thirty years, governments and the media continue to reference it as a representation of success and advancement. The issue of qualitative content is not even attempted to be addressed. It considers as positive contributions everything that adds value to a country's economy, including expenditure that essentially fixes harm from human production and consumption due to pollution, degradation of natural resources, fatalities, etc. Numerous resources and activities that enhance well-being, including volunteer work, are not included in the GDP since they have no monetary value. The GDP ignores things like the distribution of the wealth so produced, environmental costs, and the degree of working flexibility in the majority of the industrial sectors. It is necessary to consider several crucial questions, like: Who benefits from growth? What are the unstated costs to society, the environment, and people? Ideas to assist society equip itself with new aspects that might influence our image of the world, our values, and the route we wish to take collectively include green GDP, indices of genuine wealth, human development, economic well-being, and happiness. Solidarity economy participants work to advance an alternative development paradigm. In order to achieve this aim, they must be able to alter how the economy and wealth are portrayed so that the market and growth paradigm no longer rules the day. The dual task is to demonstrate how experts networks and projects help society as a whole and how they support a different picture of the economy. Here, at JIMS, Greater Noida we provide the environment which facilitates in the holistic growth of the students. Subjects like Human Values & Ethics, Indian Knowledge System, etc. drives the learners to the way of idealism. By: Devanshu Dube Assistant Professor, JEMTEC, Gr.Noida