Asia Power Index: India has become the third most powerful country in the Asia Power Index, leaving behind Japan, which indicates India’s growing influence worldwide. India has achieved this feat due to its dynamic growth, young population, and expansion of economy. The special thing about the 2024 Asia Power Index is that India’s stature has continuously increased in the regional power ranking.
India Left Japan Behind
The Lowy Institute has released the 2024 Asia Power Index, in which the United States is in first place with 81.7 points. China is second with 72.7 points, India is third with 39.1 points, and Japan is now fourth with 38.9 points. Australia is fifth with 31.9 points, and Russia is sixth with 31.1 points. India’s points have increased by 2.8, bringing it to third place in the Asia Power Index.
Why Did The Stature Increase In The Asia Power Index?
India’s economic recovery has seen a strong pace after the Corona epidemic, which has led to a jump of 4.2 points in its economic capability. Due to India’s large population and strong GDP, India is now the third largest economy in the world regarding purchasing power parity. India’s Future Resources Score has jumped by 8.2 points, pointing to India’s demographic dividend. Compared to its rivals China and Japan, India is getting a big advantage over its young population, and due to this, there will be a huge expansion in economic growth and the labour force in the coming decades.
India’s Influence Will Increase
The 2024 Asia Power Index shows India as a major power in Asia. The country’s substantial resource base offers immense potential for future growth. The outlook for India is extremely optimistic. India’s influence will increase in the coming years due to continued economic growth and expanding workforce.
