INSUBCONTINENT EXCLUSIVE:
Economy (Photo: Shutterstock)2 min read Last Updated Sep 25 2024 | 3:23 PM IST
India ranks third in the annual Asia Power Index, released
by an Australian think-tank, surpassing Japan on the back of strong post-COVID 19 economic growth, while China's power appeared to plateau
just below the United States.
The Sydney-based Lowy Institute has put the US at the top of its Asia Power Index with a score of 81.7,
followed by China with a score of 72.7, India (39.1), Japan (38.9), Australia (31.9) and Russia (31.1).
The Index ranks 27 countries and
territories in terms of their capacity to shape their external environment -- its scope reaching as far west as Pakistan, as far north as
diplomatic influence as key factors for India's rise
However, it has pointed out that New Delhi's clout remains below the potential promised by its resources.
"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 has said.
It has noted that Prime Minister Narendra Modi's leadership has garnered greater international recognition.
The think
tank has said India's non-aligned strategic posture has allowed it to navigate complex international waters effectively.
It has said
India's participation in dialogues as well as its leadership in the Quad has allowed New Delhi to play a significant role in regional
security dynamics, albeit outside of formal military alliances.(Only the headline and picture of this report may have been reworked by the
Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)First Published: Sep 25 2024 | 3:23 PMIST
