One verse

Srimad Bhagavatam 7.6.4

7.6.4

तत्प्रयासो न कर्तव्यो यत आयुर्व्यय: परम् । न तथा विन्दते क्षेमं मुकुन्दचरणाम्बुजम् ॥ ४ ॥

tat-prayaso na kartavyo yata ayur-vyayah param na tatha vindate ksemam mukunda-caranambujam

tat
for that (sense gratification and economic development)
prayasah
endeavor
na
not
kartavyah
to be done
yatah
from which
ayuh-vyayah
waste of the duration of life
param
only or ultimately
na
nor
tatha
in that way
vindate
enjoys
ksemam
the ultimate goal of life
mukunda
of the Supreme Personality of Godhead, who can deliver one from the material clutches
carana-ambujam
the lotus feet.

Endeavors merely for sense gratification or material happiness through economic development are not to be performed, for they result only in a loss of time and energy, with no actual profit. If one’s endeavors are directed toward Krsna consciousness, one can surely attain the spiritual platform of self-realization. There is no such benefit from engaging oneself in economic development.