India ranked fourth most powerful country in Asia

New Delhi, December 5 India is the fourth most powerful country in Asia, according to the Lowy Institute Asia Power Index 2021.

The annual Asian Power Index launched by the Lowy Institute in 2018 measures the resources and influence to rank the relative power of states in Asia. The project maps the current distribution of energy as it stands today and tracks changes in the balance of power over time.

India is classified as a middle power in Asia. As the fourth most powerful country in Asia, India is again falling short of the great power threshold in 2021. Its overall score is down two points from 2020. India is one of the eighteen countries in the region to show a downward trend in its overall score in 2021, according to the report.

The country performs best as far as future resources are concerned, where it only finishes behind the United States and China. However, the loss of growth potential for Asia’s third-largest economy due in large part to the impact of the coronavirus pandemic has led to lower economic forecasts for 2030, the Lowy Institute said.

India finished 4th in four other measures: economic capacity, military capacity, resilience and cultural influence.

India is moving in opposite directions for its two weakest power measures.

On the one hand, it remains in 7th place in its defense networks, testifying to the progress of its regional defense diplomacy, in particular with the Quadrilateral Security Dialogue, which brings together Australia, Japan and the United States. On the other hand, India has slipped to 8th place in economic relations, as it falls further behind in regional trade integration efforts, the Lowy Institute said.

India wields less influence in the region than expected given its available resources, as indicated by the country’s negative power gap score. Its negative power gap score deteriorated further in 2021 compared to previous years.

Many developing economies, including India, were hit hardest compared to their pre-Covid growth trajectories, according to the report. This has the potential to strengthen bipolarity in the Indo-Pacific, driven by the growing power differential of the two superpowers, the United States and China, relative to nearly every other emerging power in the region.

The top 10 countries for overall power in the Asia-Pacific region are the United States, China, Japan, India, Russia, Australia, South Korea, Singapore, Indonesia, and Thailand , according to the Lowy Institute.

The United States beat the downtrend in 2021 and overtook China in two critical rankings. But its gains are hampered by a rapid loss of economic influence.

China’s global power has fallen for the first time, with no clear path to unchallenged primacy in the Indo-Pacific.

The economic impacts and uneven recoveries of the pandemic are likely to continue to shift the regional balance of power for much of the decade. Only Taiwan, the United States and Singapore are now expected to have larger economies in 2030 than initially expected before the pandemic.

Yet wealthier countries like Japan have seen their economic prospects improve not only compared to 2020, but also compared to economies with lower vaccination rates. China, which avoided a recession last year, is no exception.

Disclaimer: This article was posted automatically from an agency feed without any text changes and has not been reviewed by an editor

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