India overtakes Japan as Asia's third most powerful nation

India overtakes Japan as Asia’s third most powerful nation

India has overtaken Japan to become the third most powerful nation in Asia, as per the 2024 edition of Asia Power Index (API). According to it, India now stands third on the index after the US and China. This shift in rankings marks India’s increasing influence across the continent, solidifying its

shivampatel1 Published On September 25th, 2024

India has overtaken Japan to become the third most powerful nation in Asia, as per the 2024 edition of Asia Power Index (API). According to it, India now stands third on the index after the US and China. This shift in rankings marks India’s increasing influence across the continent, solidifying its position as a major global player with ambitions of becoming a superpower.

About Asia Power Index

Body : Australia’s Lowy Institute in 2018, the Asia Power Index is an annual measure of power dynamics in the Asia-Pacific region.
It evaluates 27 countries across the Asia-Pacific.

Parameters

Military capability,
Defense networks,
Economic capability and relationships
Diplomatic and cultural influence
Resilience
Future resources

Key Drivers of India’s growth

Economic growth
Military modernisation
Diplomatic influence
Technological and scientific advancements
Cultural soft power

Reason behind Japan decline

Challenges : Japan continues to be a formidable economic and technological force, its decline in the Asia Power Index reflects broader challenges.
Slow Population Growth : Japan’s slow population growth, limited military expansion, and relatively stagnant economic performance have caused it to lose ground to rising giants like China and India.
Lack of Influence : Japan’s reserved political stance, particularly in military matters, has further contributed to its slipping influence compared to India’s assertive foreign policy and defense strategies.

India’s path to global superpower status

India’s rise in the Asia Power Index is more than a symbolic shift.
It highlights the nation’s potential to emerge as a global superpower in the coming decades.
Demographic dividend
Strategic position in global politics
Economic reforms and infrastructure development
Leadership in climate change and sustainability

Challenges on India’s road to superpower status

Income disparities
Infrastructure needs
Geopolitical tensions

Significance and future

India’s rise to third place in the Asia Power Index reflects its growing influence and capabilities in the region.
With rapid economic growth, an expanding military presence, and a more assertive diplomatic approach, India is well on its way to becoming a major global power.
While challenges remain, the country’s potential to shape the future of Asia and beyond is stronger than ever.
The world will be closely watching as India continues to assert itself both regionally and globally.