India ranks third on Asia Power Index, overtakes Japan
The Sydney-based Lowy Institute has put the US at the top of its Asia Power Index with a score of 81.7, followed by China with a score of 72.7, India (39.1), Japan (38.9), Australia (31.9) and Russia (31.1)
PTI
New Delhi, 25
Sept
India ranks
third in the annual Asia Power Index, released by an Australian think-tank,
surpassing Japan on the back of strong post-COVID 19 economic growth, while
China's power appeared to plateau just below the United States.
The
Sydney-based Lowy Institute has put the US at the top of its Asia Power Index
with a score of 81.7, followed by China with a score of 72.7, India (39.1),
Japan (38.9), Australia (31.9) and Russia (31.1).
The Index
ranks 27 countries and territories in terms of their capacity to shape their
external environment -- its scope reaching as far west as Pakistan, as far
north as Russia and as far into the Pacific as Australia, New Zealand and the
US.
The index
has cited economic growth, future potential and diplomatic influence as key
factors for India's rise. However, it has pointed out that New Delhi's clout
remains below the potential promised by its resources.
"India
has shown remarkable post-pandemic economic recovery, contributing to a
4.2-point rise in its economic capability. India's massive population and
strong GDP growth reinforce its standing as the world's third-largest economy
in PPP terms," the think tank has said.
It has
noted that Prime Minister Narendra Modi's leadership has garnered greater
international recognition.
The think tank has said India's non-aligned strategic posture has allowed it to navigate complex international waters effectively.
It has said
India's participation in dialogues as well as its leadership in the Quad has
allowed New Delhi to play a significant role in regional security dynamics,
albeit outside of formal military alliances. -PTI
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