Misery Index | 31 Jan 2020

Recently, there has been a demand to measure Indian economy on ‘Misery Index’.

The first misery index was created by Arthur Okun in 1960’s and was equal to the sum of inflation and unemployment rate figures to provide a snapshot of the US economy.
The higher the index, the more is the misery felt by average citizens.
It has broadened in recent times to include other economic indicators, such as bank lending rates.
In recent times, variations of the original misery index have become popular as a means to gauge the overall health of the global economy.
A variation of the original misery index is the Bloomberg misery index, developed by the online publication.