LONDON, Nov 20 (Reuters) -

Young people in developing nations are at least twice as likely to feel happy about their lives than their richer counterparts, a survey says.

Indians are the happiest overall and Japanese the most miserable.

According to an MTV Networks International (MTVNI) global survey that covered more than 5,400 young people in 14 countries, only 43 percent of the world's 16- to 34-year-olds say they are happy with their lives.

MTVNI said this figure was dragged down by young people in the developed world, including those in the United States and Britain where fewer than 30 percent of young people said they were happy with the way things were.

Only eight percent in Japan said they were happy.

Reasons for unhappiness across the developed world included a lack of optimism, concern over jobs and pressure to succeed.

In developing countries a majority in the same age group expected their lives to be more enjoyable in the future, led by China with 84 percent.

"The happier young people of the developing world are also the most religious," the survey said.

The MTVNI survey took six months to complete and resulted in the Wellbeing Index which compared the feelings of young people, based on their perceptions of how they feel about safety, where they fit into society and how they see their future.

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