India Becomes 3rd Most Powerful Nation in Asia | 01 Oct 2024
According to the Asia Power Index 2024, India surpassed Japan to become the third-largest power, reflecting its increasing geopolitical stature. This achievement is driven by India's dynamic growth, youthful population, and expanding economy, solidifying its position as a leading force in the region.
- Key Factors Behind India’s Rise:
- Economic Growth: India's strong post-pandemic recovery has led to a 4.2-point increase in its Economic Capability.
- Future Potential: India’s Future Resources score increased by 8.2 points, signalling a potential demographic dividend.
- Diplomatic Influence: India's non-aligned strategy has enabled it to navigate complex global dynamics, ranking 6th in diplomatic dialogues in 2023, showcasing its active role in multilateral forums.
- India's Role in Asia:
- India's growing influence in Asia is driven by its resource base and strategic autonomy. With economic growth and a rising workforce, India is well-positioned to expand its role, especially in the Indo-Pacific region.
- Asia Power Index:
- It was launched by the Lowy Institute in 2018, and assesses power dynamics across 27 Asia-Pacific countries.
- The 2024 edition is the most comprehensive yet, including measures of both material capabilities and international influence.