Which one for development (GDP or HDI or GNH)?
‘Reasons to Stay Alive’ is a 2015 memoir about major depressive disorder authored by novelist Matt Haig. After reading some reviews and summary of this book, I am just sharing my thoughts this in economic terms. The root cause of the depression is confusion about the real meaning of development not only for individual but also for nations ( GDP or HDI or GNH ). I thought GNH as development indicator not GDP would be chosen for the betterment of the majority of Indian citizens, when Narendra Modi personally chose to make Bhutan the destination of his maiden foreign trip in 2014 as India Prime Minister. To get clarity why I say this, first we need to understand the differences among GDP or HDI or GNH. Individuals' happiness can be driven properly when a nation chooses its development indicator wisely. GDP: Gross Domestic Product (GDP) is used by the World Bank (WB) and the International Monetary Fund (IMF) in the comparative analyses of its member nations. GDP is the v