Economic Development and Economic Growth by Snigdha Chatterjee We often used the word Economic Development and Economic Growth as a parameter of economic indicator of a country. Most of the cases we used the two words for the same meaning, but there are a number of differences between the two words, Economic development and Economic growth. Here mainly we discuss the differences of the Economic development and Economic growth and also discuss the important terms of Economic development. What do we mean by Economic growth? Different economists have used the term economic growth to convey different meaning. In some cases the concept differ in essence, whereas the other only emphasis. Though economic growth is very much vital measurement to indicate the economic well-being of a nation but economic development is used as a vast sense than the economic growth. In simple sentence, it can be say that if the Gross domestic product (GDP) of a nation increases, than the per capita income of
Current Economic related issues which is mainly based on theoretical approaches with the related present issues of the country .Helpful to know the inner economics of the decisions which has taken by the government for development.