In a major shift, India surpassed Japan to become the third-largest power in the Asia Power Index, reflecting its increasing geopolitical stature. This achievement is driven by India's dynamic growth, youthful population, and expanding economy, solidifying its position as a leading force in the region.

The Asia Power Index, launched by the Lowy Institute in 2018, is an annual measure of power dynamics in the Asia-Pacific region. It evaluates 27 countries across the Asia-Pacific, examining their ability to shape and respond to the external environment. The Index focuses on both the material capabilities of states and the influence they exert on the international stage.

Read in Hindi: भारत बना एशिया का तीसरा सबसे शक्तिशाली देश, जापान को पीछे छोड़ा

Power in the Asia Power Index is divided into resource-based and influence-based determinants. Resource-Based Determinants include Economic and Military Capability, Resilience and Future Resources while Influence-Based Determinants include Economic Relationships, Defense Networks, Diplomatic Influence and Cultural Influence

A country's overall power score is derived from a weighted average of these eight measures, encompassing 131 individual indicators. The results offer a nuanced understanding of how countries convert their resources into influence within the Asia-Pacific.

One of the most significant findings in the 2024 Asia Power Index is India’s steady rise in the regional power rankings. Witnessing a gradual rise, India is looking to achieve its full potential and exercise its influence in the region.

Key factors behind India’s rise are Economic Growth, Future Potential, and Diplomatic Influence. Further, India’s large population and economic capabilities offer it substantial promise. India’s score in Cultural Influence has also remained relatively strong, underpinned by its global diaspora and cultural exports.

In addition, India’s role in multilateral diplomacy and security cooperation has been a point of emphasis. India's participation in dialogues, as well as its leadership in the Quad, has allowed it to play a significant role in regional security dynamics, albeit outside of formal military alliances.

India's economic outreach, though limited, has seen incremental improvements, particularly in defence sales, such as the BrahMos missile deal with the Philippines. These developments, though small in scale, suggest that India is beginning to flex its geopolitical muscles beyond its immediate neighbourhood.

The 2024 Asia Power Index shows India as a power to reckon with in Asia. The country’s substantial resource base gives it immense potential for future growth. The outlook for India is optimistic. With continued economic growth and a burgeoning workforce, India is well-positioned to expand its influence in the years ahead. In particular, India's rising Diplomatic Influence and its strategic autonomy make it a key player in the Indo-Pacific Region.