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He said “happiness is higher in countries that ensure their inhabitants basic amenities and resources, greater security, autonomy and freedom as well as sufficient educational opportunities and access to information. People are manifestly happier in countries where personal freedoms are guaranteed and democracy is secured.”

“Regardless of economic conditions, citizens are happy in a climate of peace,” Mukherjee said.

Referring to the statistics, he said, “If these statistics are anything to go by, we appear to be caught in a ‘rising economy, receding happiness’ syndrome. Our growth paradigm calls for an urgent look.”

Paying tributes to Guru Nanak Dev on his 549th birth anniversary, Mukherjee said given the times we are living in, it is important to recall his message of “peace and oneness”.

He also recalled what Chanakya said that “In the happiness of the people lies the happiness of the king” and the Rig Veda saying that we must live in one assembly, speak in one voice, with our minds in accord.

In a poser he asked whether the state was functioning in conformity with the preamble of the Constitution guaranteeing socio-economic and political justice, liberty of expression and thought and the equality of status and of opportunity, Mukherjee said that on the ranking of the happiness of common man, India ranks at 113, on the index of hunger, India is at 119. Similar is the situation on the rating of malnutrition, suicides, inequality and economic freedom.

Mukherjee said, “We need a State that inspires confidence among people in its ability to surmount challenges before us. We need the media and citizens, who even as they claim their rights, are equally committed to their responsibilities.”

Referring to the Parliament, Executive and the Judiciary, Mukherjee said in recent past these institutions have come under “severe stress” and their credibility is being questioned.

He said “There is a widespread cynicism and disillusionment with the governance and the functioning of these institutions.”

However, former President said that to “save democracy”, it was incumbent upon these institutions to “win back the trust of the people, without any delay.”

Former Union Minister and BJP veteran Murli Manohar Joshi in his valedictory address described as “disturbing” the merging scenarios where the “techno-economic system adopted to produce a democratic egalitarian world order has resulted in an exploitative, extremely unequal and fragmented world”.

“Mankind today is, therefore, unhappy, more turbulent, more violent, more fundamentalist and more alienated than ever before”, Joshi said.

The root cause of this “out of balance world” needs to be investigated, the veteran leader said.