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The last few decades have seen the fruits of political and intellectual deliberations in the form of voluminous literature on various aspects of happiness and well-being gleaned from various types of academic and experiential research. This paper is an attempt to explain the numerous linkages of happiness/well-being construct and bring them together in one place so that well-being construct can be theorised and measured scientifically. We used the same technique as practiced to assess the level of happiness among the people of India by following two-stage measurement process. At the first stage, through online and offline standard questionnaires, and additionally by examined available proxy indicators for last 30 years (1990-1991 to 2019-2020). We have collected a sample of 2695 from all over India. Using techniques like Canonical Correlation Analysis, Anova and T test, adjusted national income the study recommends that Government of India (GoI) should follow mix policy for collective and Individual wellbeing.