For the first time, India has overtaken Japan to bag the third spot, in the list of countries in terms of its power in Asia. The Asia Power Index Report 2024 curated by Australian think tank Lowy Institute, suggests that India’s power in the continent is growing.
The index, measuring the resources and influence to rank the ‘relative power of states in Asia’, ranks 27 countries and territories in terms of their capacity to shape their external environment. The index measures eight aspects: military capability, defence networks, economic capability and relationships, diplomatic and cultural influence, resilience and future resources.
The report added that India is yet to reach its full potential, and its influence remains well below the levels promised by its resources. The Lowy Institute stated that India still has potential for further growth as a major power.
In its latest rankings, the United States and China rank in the first and second positions.