The Polyakov action is given by $$ S_{P} = -\frac{T}{2} \int d^2\sigma \sqrt{h} h^{\mu \nu} \gamma_{\mu \nu} \tag{1}$$
where $h_{\mu \nu}$ is the dynamical metric and $\gamma_{\mu \nu}$ is the induced metric. It is well known that this is equivalent to the Nambu-Goto Action
$$ S_{NG} = -T \int d^2\sigma \sqrt{\gamma}.\tag{2} $$
Theoretically, I don't see any reason why the dynamical metric cannot be the same as the induced metric. However, if the dynamical metric is set equal to the induced metric in $S_P$, the two actions differ by a factor of $\frac{1}{2}$. Am I correct in that this means that the dynamical metric cannot be the induced metric? If so, why?