As much as I appreciate Bhutan's ideas around happiness and its style of sustainable development, I feel Bhutan being a tiny hilly country is what allows them to work. Add to that the gift of Hydroelectric power, which alone contributes 1/4th of government revenue, and was responsible for 14% of its GDP[1]. Its population is less than a million, where as even tier-3 towns in India have a couple of million people living there.
A large country, with a large population, has far fewer options other than supporting economic development at a scale.
[1]: https://thewire.in/world/south-asia/bhutan-hydropower-electr...
They also get a lot of support from India, including military protection, and primary trade/currency links as well as covering most of their diplomatic needs. It’s like how Lichtenstein relates to Switzerland.
I think size is also what prevents countries too. Not enough people and not enough GDP? Well, some projects might take more than the country’s available capital.
Size isn’t everything: compare China to India.
I wish them luck, and success, because why not!
Renewable energy is literally available everywhere and solar and wind are now cheaper than hydro in many places.
„Economic development“ can mean many things and there is a scenario where it supports the concept of „well being“ rather than actively undermining it, as it is happening in many places currently.