The concepts of economic development and economic growth are interrelated but not the same.

Yes, I agree with the statement. 

• Economic development and economic growth go hand in hand. They are interrelated but they do not mean the same. 
• Economic growth refers to an increase in a country’s real output of goods and services, whereas economic development refers to the progressive changes in the socio-economic structure of a country. 
• Also, economic growth considers the quantitative aspect whereas economic development considers the qualitative aspect.
• Again, economic growth is possible without economic development but, economic development is not possible without economic growth.
• Hence, economic development is a wider term and economic growth is a part of it which makes them two different concepts.