India fourth most powerful country in Asia |
India is the fourth most powerful country in Asia as per the Lowy Institute Asia Power Index 2021. The annual Asia Power Index -- launched by the Lowy Institute in 2018 -- measures resources and influence to rank the relative power of states in Asia. The project maps out the existing distribution of power as it stands today, and tracks shifts in the balance of power over time. India is ranked as a middle power in Asia. As the fourth most powerful country in Asia, India again falls short of the major power threshold in 2021. Its overall score declined by two points compared to 2020. India is one of eighteen countries in the region to trend downward in its overall score is 2021, the report said. The country performs best in the future resources measure, where it finishes behind only the US and China. However, the lost growth potential for Asia`s third-largest economy due largely to the impact of the coronavirus pandemic has led to a diminished economic forecast for 2030. India finishes in 4th place in four other measures: economic capability, military capability, resilience and cultural influence. India is trending in opposite directions for its two weakest measures of power. On the one hand, it remains in 7th place in its defence networks, reflecting progress in its regional defence diplomacy -- notably with the Quadrilateral Security Dialogue, which includes Australia, Japan and the US. On the other hand, India has slipped into the 8th position for economic relationships, as it falls further behind in regional trade integration efforts. As per the report, many developing economies, including India, have been hardest hit in comparison to their pre-Covid growth paths. This has the potential to reinforce bipolarity in the Indo-Pacific, driven by the growing power differential of the two superpowers, the US and China, in relation to nearly every other emerging power in the region. The top 10 countries for overall power in the Asia-Pacific region are the US, China, Japan, India, Russia, Australia, South Korea, Singapore, Indonesia and Thailand.
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