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 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.

Rankings in Report

Super Powers 

1. US
2. China

Middle Powers

3. India
4. Japan
5. Australia
6. Russia
7. South Korea
8. Singapore
9. Indonesia
10. Thailand