The overall power of a country is its weighted average across 8 measures of power which include – economic resources, military capability, resilience, future trends, diplomatic influence, economic relationships, defence networks and cultural influence.
In the Asia-Pacific region, amongst 25 nations, India had ranked 4th in the over all power index measure and also pegged as the “Giant of the future”.
An Australian think tank, the Lowy Institute, on it inaugural Asia power index measured overall power of 25 countries and territories in the Asia-Pacific region that includes as far west as Pakistan, as far north as Russia, and as far into the Pacific as Australia, New Zealand and the US.
Japan and India share major power status. Tokyo is a smart power, while New Delhi is a giant of the future. Among the key findings, US remains the pre-eminent power in Asia and China, the emerging superpower, is rapidly closing in on US. The first 10 places were occupied in the order – U.S., China, Japan, India, Russia, Australia, South Korea, Singapore, Indonesia and Malaysia.
In all the 8 parameters, India ranked 3rd in cultural influence and future trends; It ranked 4th in economic resources, military capability and diplomatic influence; It ranked 5th on resilience but trailed behind and scored low in economic relationships (ranked 7th) and defence networks (ranked 10th). Finally, India got 4th rank in the overall power. The report said, India is set to become the fastest-growing economy in the region, predicted to grow 169% between 2016 and 2030.
Russia, Australia, South Korea, Singapore, Malaysia, Indonesia, Thailand, New Zealand, Vietnam, Pakistan, Taiwan, Philippines and North Korea are ranked as “middle powers”, while Bangladesh, Brunei, Myanmar, Sri Lanka, Cambodia, Mongolia, Laos and Nepal as “minor powers.”
The Institute said, “Three of the world’s four largest economies are in Asia, and the fourth, the United States, is a Pacific power. By 2025, two-thirds of the world’s population will live in Asia, compared with just over a tenth in the West,” and further added “Asia’s economic transformation is reshaping the global distribution of power, changing the way the region and indeed the world works politically and strategically. Just as significantly, tensions between Asian powers will define war and peace in the twenty-first century.”