Gross National Happiness
Happiness has always been at the core of Bhutan’s development policy, which is guided by the philosophy of Gross National Happiness. The fourth King of Bhutan Jigme Singye Wangchuck stated that happiness is more important than economic growth and subsequently Bhutan adopted the GNH index to measure well being and happiness.
In many countries, GDP (Gross Domestic Product) as the standard indicator of growth has failed to capture the real progress of a society, as it lacks the objective of generating happiness for its citizens.