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. The effects of individual absolute income, variously defined relative income measures, NSDP per capita, social comparison, social capital and income inequality on individual, average and aggregate happiness and life satisfaction levels across states and over time are examined. The rigorous econometric results validate the Easterlin Paradox in India in that there is no long-run happiness gain from the income growth and the income effects are not the same for all as the middle-income groups do not gain in happiness from the rising average income. Whatever short-run gain in happiness is erased in the long-run partially by the declining social capital and rising income inequality. About the Author: T. Lakshmanasamy is a former Professor of Econometrics at the University of Madras for three decades. He obtained M.A. degree in Economics in 1982 and Doctorate in Econometrics in 1988 from the University of Madras. He was awarded the Rockefeller Foundation Special Post Doctoral Fellowship in 1992 for research at the University of Southern California, Los Angeles,USA. He has visited the University of South Pacific, Suva, Fiji Islands in 2005 and was invited by the International Union for the Scientific Study of Population for the 26th International Population Conference at Marrakech, Morocco in 2009 and for the 27th International Population Conference at Busan, South Korea in 2013. His research works are on economic methodology and applied econometrics of development, population, human resources, household behaviour, social networks, happiness, behavioural economics, neuroeconomics, and genoeconomics. He has published several books on the Methodology of Applied Economic Research, Economics of Human Behaviour, Population Dynamics and Human Development, Economics of Household Non-Market Behaviour, Economics of Growth, Inequality, Institutions and Development, Applied Microeconometrics of Human Decisions, New and Evolving Economics, Econometrics of Networks and Efficiency, Econometric Applications, Applications of Econometrics, Econometric Estimation, and Econometric Analysis. He has published more than 170 research papers in leading journals and contributed over 60 chapters to edited volumes.