ABSTRACT

While development has been the foremost agenda before successive governments in India, it has been viewed narrowly – from the perspective of economic development and particularly in terms of gross domestic product (GDP). This book questions such an approach. It breaks from the conventional wisdom of GDP growth as being a definitive measure of the success of a country’s policies and offers an alternative development philosophy.

The author contends that people’s economic and social welfare, life satisfaction, self-fulfilment and happiness should be treated as indicators of real development. The book underlines that in a successful model of development, the country’s economic policies will have to synergize with its cultural ethos and that the objective of development should be gross national happiness and well-being of the people.

This book will be useful to scholars and researchers of development studies, economics, public policy and administration, governance, political science and sociology, as well as to policymakers.

part I|95 pages

The Current Socio-Economic Setting

chapter 2|9 pages

Search for Economic Well-Being

chapter 3|15 pages

Education and Health

Key to nation’s prosperity

chapter 4|16 pages

Agriculture, Rural Distress and Poverty

chapter 5|19 pages

Industrial Development

Route to prosperity

chapter 7|20 pages

India’s Public Finance Mismanagement

Exploding debt and threat of bankruptcy

part II|43 pages

The Current Economic Ideology and its Problems

chapter 8|14 pages

Free Market Ideology and its Perils

chapter 10|7 pages

A New Development Scenario

chapter 11|10 pages

Saving the Economy from the Economists

part III|39 pages

Rethinking Development

chapter 13|9 pages

Revisiting Socialism

Solution to our socio-economic problems

chapter 14|14 pages

Good Governance

Pre-requisite for development

part IV|49 pages

Culture as Foundation of Development

chapter 15|16 pages

Indian Culture

A spiritual and humanistic approach to life

chapter 16|13 pages

Indian Culture and Money

Challenge of a materialist world

chapter 17|10 pages

Quest for Happiness

Public policies and national happiness