1Assistant Professor, Department of Management Studies, School of Management Studies and Commerce, Uttarakhand Open University, Haldwani, Uttarakhand, India
2Assistant Professor, School of Management, Doon University, Dehradun, Uttarakhand, India
3Assistant Professor, Invertis Institute of Management Studies, Invertis University, Bareilly, Uttar Pradesh, India
*Corresponding author- Email id: magarwal@uou.ac.in
Online published on 18 July, 2017.
Interest in the basic happiness or well-being of a person, group of people or nation has grown over the last few decades. In the recent past, it has been observed that the measurement of progress of any nation has gone beyond the conventional economic measures like gross domestic product (GDP) and gross national income (GNI). The present study attempts to gauge the relationship between happiness and economic variables – GDP, GNI and Gross Capital Formation. It is based on secondary data retrieved from the database of the World Bank and World Happiness Report, 2016. The SAARC countries have been included for the purpose of this study.
Gross Capital Formation, Gross Domestic Product, Gross National Income, Happiness, SAARC, Welfare, Well-Being
