Context:
Ministry of Information and Broadcasting recently said that India surpasses Japan to become 3rd largest power in Asia power index.
Asia Power Index:
- An Index ranking the relative power of states in Asia by measuring their resources and influence.
- Initiated by – Lowy Institute in 2018
- Evaluates 27 countries across the Asia-Pacific, focusing on their ability to shape and respond to geopolitical challenges.
- Evaluation Criteria – The index uses 131 indicators across 8 thematic measures
- Military capability and defense networks
- Economic capability and relationships
- Diplomatic and cultural influence
- Resilience and future resources
2024 Edition Highlights:
- India surpasses Russia and Japan due to dynamic growth, a youthful population, and an expanding economy.
- India saw a 4.2 point increase in economic capability, driven by strong GDP growth and its position as the world’s 3rd largest economy in PPP terms.
- An 8.2 point rise in future resources highlights India’s demographic advantage.
- Unlike China and Japan, India’s youthful demographic is expected to drive continued economic expansion and workforce growth.
- India’s influence in multilateral diplomacy and regional security is growing, bolstered by active participation in groups like the Quad and leadership in regional dialogues.
- Defense deals, such as the BrahMos missile agreement with the Philippines, indicate India’s expanding geopolitical ambitions.
- However, India’s ability to project power east of the Malacca Strait remains limited.
To read more about Asia Power Index (API)
Source: Economic Times
Previous Year Question
Consider the following statements about G-20:
1. The G-20 group was originally established as a platform for the Finance Ministers and Central Bank Governors to discuss international economic and financial issues.
2. Digital public infrastructure is one of India’s G-20 priorities.
Which of the statements given above is/are correct?
[UPSC Civil Service Exam – 2023 Prelims]
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer: (c)
