Economic Growth:
Economic growth refers to an increase in the Gross Domestic Product (GDP) or national income. It is a quantitative process that focuses on financial figures.

Human Development:
Human development is a qualitative process that focuses on improving people’s lives. Economic growth can occur without improving individual well-being (for example, if income is concentrated in the hands of a few or if growth comes at the expense of the environment).

Clarification:
Economic growth is the means, while human development is the ultimate goal.

Human Development Index (HDI):
The United Nations developed the Human Development Index to combine the three key dimensions of development into a single number ranging from 0 to 1.

This index is used to compare development levels between countries each year and provides a more comprehensive picture of a country’s progress than simply looking at income.

In general:
Human development emphasizes that the ultimate goal of development is to create an environment that allows individuals to enjoy a dignified life. Investing in people is the best investment to achieve sustainable prosperity for society.