India will be a developed nation by 2047, if the country continues its current economic growth trajectory, renowned economist Jeffrey D Sachs said on Wednesday. Addressing an event organised by industry body Ficci, Sachs said India is one of the pillars of global stability and global peace, and it should not align with the United States. "It does not have to align with anybody. It should aim to have good relations with everybody, but also not be part of anyone else's strategy," he said.