Newsblare

Economy

India dethrones Japan, becomes third most powerful country in Asia

India dethrones Japan, becomes third most powerful country in Asia

In a celebratory development for India, it is now the third most powerful country in Asia. Even better is that the country is now ahead of Japan and just behind China and the United States. According to the Asia Power Index, India has edged Japan out. Asia Power Index is a Lowy Institute metric that measures several well-known country metrics by way of economic, military, and diplomatic capacity. The nation’s ascension reflects rising influence and ambitions to become a superpower in the global arena.

Many of the reasons for India’s ascendance relate to economic growth, military modernization, and diplomatic influence. It is one of the world’s biggest growth major economies and has a lead in technology, manufacturing, and services. But it is complemented by initiatives such as “Make in India” and “Atmanirbhar Bharat,” which have buttressed India’s industrial and economic foundation. Young people of India also continue to be a driving force behind this economy and global innovation going forward.

Indian investment in military modernization has made India a very crucial player on the strategic chessboard of Asia. Undoubtedly, advanced missile systems, nuclear capabilities, and increased naval footprint have enhanced the military posture of India. Strategic influence and power of Indian military stature have come about while on the rise, courtesy of increasing defense spending over the years. India has enhanced its political clout by engaging with multilateral forums like the UN, G20, BRICS, and Quad. Strategic alliances with the US, Japan, Australia, and the EU only add to strategic value in India. All these things have cumulatively helped the nation to become third most powerful country in Asia.

Climat Change India is showing a potential toward a leader in climate change and sustainability, with ambitions for renewable energy. India’s leadership in climate change has brought it into the list of top emerging economies driving up the line of global environmental standards. The technological advancement in space exploration, IT, and renewable energy forms a strong foundation in buttressing India’s power status. Projects such as Digital India and a budding ecosystem of start-ups have transformed India into a technological power. India’s soft power through Bollywood, yoga, and its diaspora has expanded its influence spectrum.

How India has become third most powerful country in Asia leaving a tech giant like Japan behind?

Japan is very strong in its economy and technology but still is declining in the Asia Power Index due to slow growth in population and militarily stagnant. Japan’s timid geopolitical role as against India has further dimmed its influence in the region. Moreover, aggressive foreign policy, military expansion, and active diplomacy have brought India closer to the top. India’s demographic dividend is set to become the world’s largest youth population in 2030. This young working force will drive global development and economic innovation in all walks of life.

India’s geographical location in the Indo-Pacific serves as a hub for global geopolitics. Its participation in regional security dialogue is with Quad, which makes it an important player in geopolitics. There is an economic reform and infrastructure development that is attracting foreign investment for India.

India, in focus, emphasizes economic self-reliance, infrastructure, and technology reforms, placing it for further growth into the global mainstream. Still, with growth comes development challenges such as income inequality most reflected in rural areas. Income disparities shall address India’s growth and stability in the long run. Soon, it may surpass the tag of third most powerful country in Asia.

India’s growth in the Asia Power Index promises to become a superpower globally within the next two decades. The growth of India emphasizes the increasing influence of the country upon the global economic, military, and political spheres of power, since India is now third most powerful country in Asia.

Also, see: Which country profited amidst Middle East tension and which are in loss?

CEO & Editor
I'm Ved Prakash, Founder & Editor @Newsblare Media, specialised in Business and Finance niches who writes content for reputed publication such as Investing.com, Stockhouse.com, Motley Fool Singapore, etc. I'm the contributor of different... news sites that have widened my views on the current happenings in the world.

Leave a Reply

Your email address will not be published. Required fields are marked *