Growth
is never-ending but development is an end-goal. When you are still
under-developed (or developing in the case of a country), you should go
all out to achieve it. Once you reach developed status or advanced
economy, there is “no higher goal” to achieve. But for growth, any
politician will tell you that, you need to stabilise it and maintain a
positive growth over the years if you want to remain popular.
Development
means having all-rounded growth in all areas like Education,
Infrastructure, Manufacturing and Services industry and also a
functioning governance endowed with natural resources. On the ranking of
UN’s Human development Index (HDI), there is a formula to calculate the
developed-ness of the developed countries. Some developing countries
with high growth rates can go quite high up in the list. They remain
developing as they did not fulfil all aspects of the development
definition.