Economy - Reports
India surpasses Japan to become third-largest power in Asia Power Index, reflecting its increasing geopolitical stature As on : 25-Sep-24  11:53

Ministry of Information & Broadcasting stated in a latest update that India surpassed Japan to become the third-largest power in the Asia Power Index, reflecting its increasing geopolitical stature. This achievement is driven by India's dynamic growth, youthful population, and expanding economy, solidifying its position as a leading force in the region. One of the most significant findings in the 2024 Asia Power Index is India's steady rise in the regional power rankings. Witnessing a gradual rise, India is looking to achieve its full potential and exercise its influence in the region. Ministry noted that India has shown remarkable post-pandemic economic recovery, contributing to a 4.2-point rise in its Economic Capability. India's massive population and strong GDP growth reinforce its standing as the world's third-largest economy in PPP terms. India's Future Resources score increased by 8.2 points, signalling a potential demographic dividend. Unlike its regional competitors, particularly China and Japan, India benefits from a youthful population that will continue to drive economic growth and labour force expansion in the coming decades.

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