Summary:

According to the 2024 Asia Power Index, India has surpassed Japan to become the third-largest power in the Asia-Pacific. This reflects India's rising geopolitical importance, rapid growth, youthful population, and expanding economy. Key drivers include a strong post-pandemic economic recovery, a 4.2-point gain in Economic Capability, and an 8.2-point increase in Future Resources, driven by the demographic dividend. India's non-aligned strategic stance and active participation in diplomatic forums have increased its influence, establishing it as a prominent player in the IndoPacific.

The Index highlights India's immense future growth potential, with sustained economic expansion and a growing workforce positioning the country to enhance its influence in the region. India's expanding diplomatic influence and strategic autonomy further bolster its role in international forums. Launched by the Lowy Institute in 2018, the Index assesses power dynamics in 27 AsiaPacific nations, emphasizing material capabilities and influence. The 2024 edition includes TimorLeste, reflecting its rising importance in Southeast Asia.

Source: IBEF

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