diff --git a/ReactAndroid/src/main/java/com/facebook/react/devsupport/DevSupportManagerBase.java b/ReactAndroid/src/main/java/com/facebook/react/devsupport/DevSupportManagerBase.java
index fdac180aab9322..e0de54893873c5 100644
--- a/ReactAndroid/src/main/java/com/facebook/react/devsupport/DevSupportManagerBase.java
+++ b/ReactAndroid/src/main/java/com/facebook/react/devsupport/DevSupportManagerBase.java
@@ -474,8 +474,9 @@ public void onClick(DialogInterface dialog, int which) {
         });
 
     options.put(
-        // NOTE: `isElementInspectorEnabled` is not guaranteed to be accurate.
-        mApplicationContext.getString(R.string.catalyst_inspector),
+        mDevSettings.isElementInspectorEnabled()
+            ? mApplicationContext.getString(R.string.catalyst_inspector_stop)
+            : mApplicationContext.getString(R.string.catalyst_inspector),
         new DevOptionHandler() {
           @Override
           public void onOptionSelected() {
diff --git a/ReactAndroid/src/main/res/devsupport/values/strings.xml b/ReactAndroid/src/main/res/devsupport/values/strings.xml
index 3571c835e31690..9ebb11b0830bd4 100644
--- a/ReactAndroid/src/main/res/devsupport/values/strings.xml
+++ b/ReactAndroid/src/main/res/devsupport/values/strings.xml
@@ -16,7 +16,8 @@
   <string name="catalyst_hot_reloading_stop" project="catalyst" translatable="false">Disable Fast Refresh</string>
   <string name="catalyst_hot_reloading_auto_disable" project="catalyst" translatable="false">Disabling Fast Refresh because it requires a development bundle.</string>
   <string name="catalyst_hot_reloading_auto_enable" project="catalyst" translatable="false">Switching to development bundle in order to enable Fast Refresh.</string>
-  <string name="catalyst_inspector" project="catalyst" translatable="false">Toggle Inspector</string>
+  <string name="catalyst_inspector" project="catalyst" translatable="false">Show Element Inspector</string>
+  <string name="catalyst_inspector_stop" project="catalyst" translatable="false">Hide Element Inspector</string>
   <string name="catalyst_perf_monitor" project="catalyst" translatable="false">Show Perf Monitor</string>
   <string name="catalyst_perf_monitor_stop" project="catalyst" translatable="false">Hide Perf Monitor</string>
   <string name="catalyst_settings" project="catalyst" translatable="false">Settings</string>