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“Psychology is the study of behaviour and mind, embracing all aspects of conscious and
unconscious experience as well as thought. It is an academic discipline and a social
science which seeks to understand individuals and groups by establishing general
principles and researching specific cases.”
If you are talking about psychology as the study of one's psyche, personal development
is a big part of that. Although, one could also say that personal development is
dependent on one's psychological state. So, therefore, they are parts of each other, yet
also dependent on one another.
I am, however, As you might be able to see, not a psychologist, and am therefore
probably not qualified or knowledgeable enough to give you the answer you want.