This book quantitatively analyses the puzzle between money and happiness in India both at individual and aggregate levels and at cross-section, time series and panel levels. The relevance of the Easterlin Paradox, a positive income-happiness relationship at a point in time but a lack association between income and life satisfaction at the aggregate level and over time, and hence economic growth does not improve the human lot, is evaluated. Using data for a long period of 24 years over 1990 to 2014 from the World Values Surveys, the cross-country analysis of the happiness literature is replicated with cross-states analysis, applying robust econometric techniques.