India drops to 117th rank in the world happiness report. Time for entrepreneurs to build happiness?
According to a UN report, India ranks 117th in happiness. It ranks below nations like Pakistan (81), Palestine (108), Bangladesh (109), Ukraine (111) and Iraq (112). India's rank has dropped six notches from the 2013 report, when it was on the 111th spot. Being evident that India has not fared well in a global ranking of the happiest nations, it is time for Indian entrepreneurs and innovators to work towards making the country happier and more prosperous.
The survey was conducted on 158 countries, that took into account GDP, per capita income, life expectancy, social support and freedom to make life choices as indicators.
Switzerland has been named the most happiest country in the world, coming in at the number one spot on the 2015 World Happiness Report published by the Sustainable Development Solutions Network (SDSN), which is a global initiative for the United Nations.
The other countries in the top five are Iceland, Denmark, Norway and Canada.
"Increasingly happiness is considered a proper measure of social progress and goal of public policy," the report said, adding the happiness index describes how measurements of well- being can be used effectively to assess the progress of nations.
It takes into account factors like GDP per capita, social support of having someone to count on in times of trouble, freedom to make life choices, healthy life expectancy, generosity and perceptions of corruption.
The US is ranked 15, followed by UK (21), Singapore (24), Saudi Arabia (35), Japan (46) and China (84).
Afghanistan and war-torn Syria joined eight sub-Saharan countries in Africa - Togo, Burundi, Benin, Rwanda, Burkina Faso, Ivory Coast, Guinea and Chad - as the 10 least happy of 158 countries.
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