What is the exact difference between debugging and testing?

When a test is performed and a defect has been identified, it is the duty of the developers to first locate the defect in the code and then fix it. This process is known as debugging. In other words, debugging is the process of finding, analyzing, and eliminating the causes of software failures.
On the other hand, the test consists of both static and dynamic life-cycle testing activities. It helps determine that the software fulfills the specified requirements and is suitable for the purpose assigned to it.