India surpasses Japan to rank third in Australian think tank’s Asia Power Index

While China's influence appears to have plateaued just below that of the United States, India's rising economic power has propelled it ahead of other major players in the region, reported PTI.

The Sydney-based Lowy Institute placed the U.S. at the top of the Asia Power Index with a score of 81.7, followed by China at 72.7. India secured third place with a score of 39.1, narrowly surpassing Japan at 38.9. Australia (31.9) and Russia (31.1) rounded out the top six.

The Index evaluates 27 countries and territories based on their ability to influence their external environment, with a geographical scope extending from Pakistan to Russia and across the Pacific to the U.S., Australia, and New Zealand.

Key factors behind India's ascent in the rankings include its economic growth, future potential, and increasing diplomatic influence.

However, the report noted that India's international clout still falls short of what its vast resources suggest it could achieve.

“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 noted.

The report highlighted the growing international recognition of Prime Minister Narendra Modi’s leadership, while also emphasizing India's non-aligned strategic approach.

This stance has enabled India to effectively navigate complex global dynamics and take an active role in regional security discussions, particularly through its participation in the Quad, without being part of formal military alliances.