1Economic development implies changes in income, savings & investment along with progressive changes in socio-economic structure of the country.(institutional and technological changes). 2 it relates to growth of human capital indexes, structural changes that improves the general population's quality of life.3 It brings qualitative and quantitative changes in the economy.4 it is concerned with structural changes in the economy.
Economic Growth refers to an increase in real output of goods & services in the country.2 growth relates to gradual increase in 1 of the components of GDP.3 Growth brings quantitative changes in the economy. 4 Growth is concerned with increase in economy's income.