GDP is an effective tool to measure economic growth but it does not really measure the well-being or the Welfare of the people defend or refute the statement

It is true to say that, GDP is an effective tool to measure economic growth but it does not really measure the well-being or the Welfare of the people because GDP ignores the welfare component as the goods and services produced may or may not add to the welfare to a society. For example, the production of goods, like guns, narcotic drugs, high-end luxurious goods increase the monetary value of production, but they do not add to the welfare of the majority of population.

Regards