"India Surpasses Japan to Become the 3rd Largest Power in the Asia Power Index"
"India Surpasses Japan to Become the 3rd Largest Power in the Asia Power Index"
"India has overtaken Japan to secure the position of the third-largest power in the Asia Power Index, according to a statement released by the Ministry of Information and Broadcasting on Wednesday. This milestone signifies a notable shift in the geopolitical landscape of the Asia-Pacific region."
The ministry credited India's rise to its dynamic growth, youthful population, and expanding economy, which have solidified the country's position as a regional power. "In a significant shift, India surpassed Japan to become the third-largest power in the Asia Power Index, reflecting its growing geopolitical influence," ANI reported, quoting the ministry.
Launched by the Lowy Institute in 2018, the Asia Power Index evaluates 27 countries across the Asia-Pacific region, assessing their ability to shape and respond to external geopolitical challenges. The index uses eight core measures, including Economic Capability, Military Capability, and Diplomatic Influence, to determine each country’s power.
The ministry emphasized that India’s rise in the 2024 edition of the index reflects its post-pandemic recovery and economic resurgence. India saw a 4.2-point increase in Economic Capability, primarily driven by strong GDP growth and its status as the world’s third-largest economy in Purchasing Power Parity (PPP) terms.
"India's remarkable post-pandemic recovery has contributed to a 4.2-point rise in Economic Capability. The nation's large population and strong GDP growth reinforce its position as the third-largest economy in PPP terms," the statement said.
India's Future Resources score also saw a significant increase of 8.2 points, highlighting its demographic advantage. Unlike aging populations in China and Japan, India’s youthful demographic is expected to fuel continued economic growth and workforce expansion in the coming years.
The report further highlighted India’s growing influence in multilateral diplomacy and regional security. India's active participation in forums like the Quad and its leadership in regional dialogues have strengthened its position in regional security without the need for formal military alliances. Additionally, defense agreements like the BrahMos missile deal with the Philippines showcase India’s expanding geopolitical ambitions.
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