Can Money Actually Buy Happiness? - Growth and Development of India & Japan

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Posted by admin on 2023-12-15 |


Can Money Actually Buy Happiness? - Growth and Development of India & Japan

India and Japan are two extensively different countries, both with their own stories of growth and development.

Growth and Development of Japan –

Let's start with Japan, a country known for its technological advancements, culture, and a bustling frugality. It's one of the world's largest husbandries, with a whopping $4.2 trillion in profitable power. But underneath this fiscal success lies a concerning verity.

Despite the wealth, Japan has witnessed over1.5 million people staying inside the house due to social withdrawal. Loneliness has come a significant issue, leading to heartbreaking consequences like frequent self-murders, being at a rate of one every 20 twinkles. It's a stark memorial that having plutocrat does not automatically guarantee happiness.

Situation in Japan –

The situation in Japan paints a picture that challenges the belief that plutocrat alone can bring joy and pleasure. Indeed with a per capita income of $ 34,000, there are deep-confirmed societal issues that wealth cannot resolve, similar as insulation and internal health struggles. Calling actors and actresses to pose as children for old parents who feel neglected showcases the depths of loneliness faced by numerous in Japan, pressing that wealth does not exclude emotional voids.

Growth and Development of India –

On the other hand, India, the fifth largest frugality encyclopedically, presents a different hand of the wealth distribution story. In a country where the top 1 owns a stunning 41 of the public wealth, stark inequality exists. The maturity, constituting the rest of the population, only holds 3 of the nation's wealth. This wide profitable gap raises questions about the correlation between plutocrat and happiness. India's profitable script also reflects a difference in access to coffers and openings.

Government Schemes –

Despite ambitious schemes like the PMGKAY scheme aiming to give free Rations to 800 million Indians by 2030, issues like digital knowledge, education, and skill development persist. While this action is estimable, the need for holistic development beyond just furnishing introductory musts becomes apparent. Also, India, like numerous other countries, faces the challenge of technological advancement altering the job geography.

Current situation in India 

With machines taking over certain tasks, the significance of enjoying the necessary chops for employment becomes consummate. Without proper chops, indeed openings created by civic migration might not lead to sustainable livelihoods, mirroring enterprises seen in Japan.  Both India and Japan grapple with the consummation that solely counting on fiscal substance does not insure happiness or societal well- being.

While profitable growth is pivotal, it must be coupled with measures that address underpinning societal issues. True progress lies not only in wealth accumulation but also in indifferent distribution and holistic development.  To achieve a more balanced and fulfilling society, it's imperative to concentrate on bridging profitable gaps, enhancing educational and skill-structure openings, and icing that advancements profit everyone.

By seeking for equivalency and upping the less privileged through comprehensive programs, both India and Japan can produce a path toward a happier and further prosperous future for all their citizens.