India on Track to Become Developed Nation by 2047, Says Economist Jeffrey D Sachs
Current growth trajectory paves way for India to be a developed nation by 2047: Jeffrey D Sachs
The Economic TimesImage: The Economic Times
Renowned economist Jeffrey D Sachs stated that India could achieve developed nation status by 2047 if it maintains its current economic growth trajectory. He emphasized the importance of India not aligning with any single country, particularly the United States, while advocating for good relations with all nations.
- 01India is projected to become a developed nation by 2047 if it continues its economic growth.
- 02Jeffrey D Sachs advises against aligning with the US or participating in anti-China strategies.
- 03India should handle its bilateral issues with China independently.
- 04Sachs supports India's bid for a permanent seat on the UN Security Council.
- 05The government's 'Viksit Bharat 2047' initiative aims for comprehensive national development.
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Jeffrey D Sachs, a prominent economist and professor at Columbia University, addressed an event organized by the Federation of Indian Chambers of Commerce & Industry (FICCI) in New Delhi, asserting that India could become a developed nation by 2047 if it sustains its current economic growth trajectory. He highlighted India's role as a pillar of global stability and peace, advocating for a foreign policy that fosters good relations with all nations without aligning with any specific country, particularly the United States. Sachs cautioned against India participating in US-led initiatives that are overtly anti-China, suggesting that India should manage its bilateral issues with China independently. He also endorsed India's aspiration to become a permanent member of the United Nations Security Council, emphasizing the need for India's inclusion in global governance. The Indian government's roadmap, termed 'Viksit Bharat 2047', aims to transform India into a fully developed nation by the year 2047.
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If India achieves developed nation status, it could lead to improved living standards, economic opportunities, and global influence for its citizens.
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