The document discusses economic growth versus development and various indicators used to measure them. It notes that while economic growth focuses on output, development measures human welfare. Several limitations of GDP as a measure are outlined, including how it ignores income distribution and quality of life. The document also explores defining and measuring poverty and development, noting it is a normative concept involving political freedoms, standards of living, education and health. Alternative indicators like the Human Development Index are presented as trying to better capture multifaceted nature of development.