India Surpasses Japan to Become Asia’s 3rd Most Powerful Nation in Power Index
India has risen to become the third-largest power in the Asia Power Index, surpassing Japan, as revealed by the latest data from the Asia Power Index. This significant achievement underscores India’s dynamic growth, burgeoning economic recovery, and expanding influence in multilateral diplomacy. According to an official statement by the Ministry of Information and Broadcasting on Wednesday, this milestone reflects India’s increasing geopolitical stature and solidifies its position as a leading force in the region.
The Asia Power Index, an annual measure launched by the Lowy Institute in 2018, evaluates the power dynamics of 27 countries across the Asia-Pacific region. It assesses these countries based on their ability to shape and respond to the external environment, using eight core measures divided into resource-based and influence-based determinants. These measures include Economic Capability, Military Capability, Resilience, Future Resources, Economic Relationships, Defense Networks, Diplomatic Influence, and Cultural Influence.
One of the most significant findings in the 2024 Asia Power Index is India’s steady ascent in the regional power rankings. The Ministry of Information and Broadcasting noted that India’s rise has been marked by a gradual, yet consistent increase in its power metrics. The country’s post-pandemic economic recovery has played a pivotal role in this rise, contributing to a 4.2-point increase in its Economic Capability score. This recovery is underpinned by India’s massive population and robust GDP growth, reinforcing its status as the world’s third-largest economy in purchasing power parity (PPP) terms.
The ministry highlighted that India’s Future Resources score saw an impressive increase of 8.2 points. This growth signals a potential demographic dividend, distinguishing India from its regional competitors, particularly China and Japan. While these nations face aging populations, India benefits from a youthful demographic that is poised to drive economic growth and expand the labor force over the coming decades. This demographic advantage is expected to sustain India’s economic momentum and enhance its geopolitical influence.
In addition to its economic strength, India has been actively increasing its role in multilateral diplomacy and regional security. The country’s leadership in the Quadrilateral Security Dialogue (Quad) and its participation in various regional forums have bolstered its diplomatic influence. Unlike some of its counterparts, India has managed to exert significant influence in security matters without relying on formal military alliances. This strategic approach has allowed India to navigate complex regional dynamics and enhance its standing as a key player in Asia-Pacific security.
Furthermore, India’s defence capabilities and strategic partnerships have contributed to its rise in the Asia Power Index. Although its economic outreach has been somewhat limited compared to its defense initiatives, deals such as the BrahMos missile sale to the Philippines demonstrate India’s growing geopolitical ambitions. These defense partnerships not only enhance India’s military capabilities but also strengthen its diplomatic ties with other nations in the region.
The Asia Power Index’s comprehensive evaluation of countries across various dimensions underscores India’s multifaceted rise. In terms of Economic Capability, India has demonstrated remarkable resilience and growth, positioning itself as a formidable economic power. Its Military Capability has been bolstered by ongoing modernisation efforts and strategic partnerships, enhancing its ability to project power and influence in the region.
India’s performance in Resilience and Future Resources highlights its capacity to sustain growth and respond to future challenges. The country’s youthful population and expanding labor force are key assets that will continue to drive its economic and geopolitical ascent. Additionally, India’s Economic Relationships, Defence Networks, Diplomatic Influence, and Cultural Influence reflect its growing integration into the regional and global order.
The Ministry of Information and Broadcasting emphasised that India’s rise in the Asia Power Index is not just a reflection of its economic and military capabilities, but also of its strategic vision and diplomatic acumen. As India continues to expand its influence in the Asia-Pacific region, it is poised to play a crucial role in shaping the regional order and addressing emerging challenges.
In conclusion, India’s ascent to the third position in the Asia Power Index, surpassing Japan, marks a significant milestone in its regional and global trajectory. Driven by robust economic growth, a youthful population, and strategic diplomacy, India has solidified its status as a major power in the Asia-Pacific. This achievement reflects the country’s increasing geopolitical stature and its potential to shape the future dynamics of the region. As India continues to leverage its strengths and address its challenges, it stands poised to further enhance its influence and leadership on the global stage.