India has been ranked the fourth most powerful country in Asia. The latest ranking was released by the Lowy Institute Asia Power Index 2021. It is behind Japan, China and US. The annual Asia Power Index was launched by the Lowy Institute in 2018.
About Lowy Institute Asia Power Index 2021
The Asia Power Index is an index that measures resources and influence to rank the relative power of states in Indo-Pacific, published by the Lowy Institute annually from 2018. The Index ranks 26 countries and territories.
The country performs best in the future resources measure, where it finishes behind only the US and China. However, lost growth potential for Asia’s third-largest economy due largely to the impact of the coronavirus pandemic has led to a diminished economic forecast for 2030.
The top 10 countries for overall power in the Asia-Pacific region are the US, China, Japan, India, Russia, Australia, South Korea, Singapore, Indonesia and Thailand, Lowy Institute said.
Ranks of Countries in Asia Power Index 2021
India finishes in 4th place in four other measures: economic capability, military capability, resilience and cultural influence.
The rankings are measured on the basis of resources and influence to rank the relative power of states in Asia. The project maps out the existing distribution of power as it stands today, and tracks shifts in the balance of power over time.
India is ranked as a middle power in Asia. As the fourth most powerful country in Asia, India again falls short of the major power threshold in 2021. Its overall score declined by two points compared to 2020. India is one of eighteen countries in the region to trend downward in its overall score in 2021, the report said.
About Lowy Institute
The Lowy Institute is an independent think tank founded in April 2003 by Frank Lowy to conduct original, policy-relevant research about international political, strategic and economic issues from an Australian perspective. It is based in Sydney, New South Wales, Australia.
While the institute has alternatively been described as “neoliberal”, “centre-right” leaning or “reactionary”, officially, its research and analysis aim to be non-partisan, and its active program of conferences, seminars and other events are designed to inform and deepen the debate about international policy in Australia and to help shape the broader international discussion of these issues.