development is measured by gnp, which is wrong. it should b measured by happiness of the people. in the name of materialistic development, we r destroying our ecology and increasing global warming, though it does not increase happiness. your own observation also points to same conclusion.
now a days there is too much stress on money. people think that if they have lot of wealth, they will b happier. but it is not true. the proof is that ambani brothers r not on talking terms despite huge amount of money they have.
intelligent people must find some alternative to the present method of development and measure of development.