India overtakes Japan as Asia’s third most powerful nation

Current Context : India is now the 3rd most powerful nation in Asia (2024 Asia Power Index), surpassing Japan, with the US and China occupying the top two spots.

ASIA POWER INDEX OVERVIEW:

• Launched by the Lowy Institute.
• It measures power dynamics of 27 countries in the Asia-Pacific region.

Parameters Assessed :

• Military capability and defense networks
• Economic capability and relationships
• Diplomatic and cultural influence
• Resilience and future resources

India’s Growth Drivers:

• Economic growth
• Military modernisation
• Diplomatic influence
• Technological advancements
• Cultural soft power

Japan’s Decline Reasons:

• Slow population growthand stagnant economy
• Limited military expansion
• Reserved political stance affecting global influence.