India ranks 4th in Power Index in Asia-Pacific 25 nations
Date : May 8, 2018
Report by : Lowy Institute
India was ranked fourth in the Asia-Pacific Power Index released by the Lowy Institute. The report called India a giant of the future.
The Lowy Power Index for Asia-Pacific
The Lowy Institute is an Australia based think tank. The 2018 power index for Asia-Pacific is the first time it has released such an index. It ranked 25 nations in the region in terms of their overall power. The countries ranged from Pakistan in the west to USA, a Pacific power, in the east.
The power index measures countries on eight broad characteristics. Chief of these were economic resources, military capability, resilience and future trends. Diplomatic influence, economic relationships, defence networks and cultural influence were the other heads. Economic relationships was used to describe the economic power a country was able to exert on others through trade.
Similarly, defence networks is a term used to describe strategic partnerships with other nations that may help the country militarily.
India’s Performance in Lowy Power Index
India finished fourth on military capability, economic resources and also diplomatic influence. India’s famed soft power was validated with a number three ranking on cultural influence. It was also number three on future trends. India’s economy is expected to boom, a future growth of 169 percent in the next ten years is predicted.
The Lowy Institute specializes in foreign policy and is based out of Sydney, Australia.
India’s growing workforce and markets are also a major factor. However, on economic relationships, it is 7th. On defence networks, it performs even worse, finishing tenth, highlighting the lack of credible alliances for the country.
Other Countries Performance in Lowy Power Index
The United States, unsurprisingly, finished top of the overall list, topping five of the eight categories. China seemed to be catching up with the US in many areas though, finishing second. Japan was third. In future trends, the US finished ahead of India by a small difference, pointing to the rising power of India.
The power index measures countries on eight broad characteristics.
China was first in future trends, and the report opined that it would overtake the US in the coming decade.
Lowy Power Index- Quick Facts
- The Lowy Institute specializes in foreign policy and is based out of Sydney, Australia.
- China was ranked highest in categories of economic influence, diplomatic influence and future trends. It was second in all the other categories.
- India will be the world’s fastest growing major economy in the next decade.