Source – This post on Asia Power Index is based on the article “India becomes 3rd Most Powerful Nation in Asia, Surpasses Japan in Asia Power Index” published in PIB on 26th September 2024.
Why in News?
Recently, Asia Power Index was released by the Lowy Institute. India has secured the position as the third most powerful nation in Asia, overtaking Japan in the 2024 Asia Power Index.
This reflects India’s growing geopolitical influence, driven by its expanding economy, youthful population, and increasing diplomatic engagement.
About Asia Power Index
1. The Asia Power Index was established by the Lowy Institute in 2018.
2. It measures power dynamics across the Asia-Pacific, evaluating 27 countries.
3. The 2024 edition includes Timor-Leste and provides an in-depth analysis of power distribution across the region. It examines both material resources and the influence countries exert on the international stage.
4. Criteria of Power Measurement: The Asia Power Index uses eight key measures across two broad categories:
| Criteria | Sub-Criteria |
| Resource-Based Determinants | Economic Capability: GDP at PPP, technological advancement, and global economic ties. Military Capability: Defense spending, military strength, and power projection abilities. Resilience: Institutional strength and capacity to withstand internal and external threats. Future Resources: Projected economic, military, and demographic resources for 2035. |
| Influence-Based Determinants | Economic Relationships: Leverage through trade, investment, and diplomacy. Defense Networks: Strength of military alliances and partnerships. Diplomatic Influence: Reach in multilateral forums and foreign policy ambition. Cultural Influence: Ability to shape global opinion through media and culture. |
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