India plans to offer incentives to companies moving from China

India 4th Most Powerful Country in Asia; China Loses Ground to US: Report

In the Asian Power Index for 2021 that ranks 26 nations and territories in Asia, prepared by the Lowy Institute of Sydney, India has been ranked 4th most powerful country.

In the Asian Power Index for 2021 that ranks 26 nations and territories in Asia, prepared by the Lowy Institute of Sydney, India has been ranked 4th most powerful country. On the basis of various measures of power such as economic capability, military capability, resilience and cultural influence, India has retained its 4th position as compared to 2020 ranking. Among various countries that exerted influence over the region, the United States ranked top due to better diplomatic relations and vaccination-driven speedy recovery from the COVID-19 pandemic.

Overall, US ranked first in six of the eight measures of the index in 2021, an improvement from being ranked first in only four measures in 2020. China, on the other hand, was ranked lower in half of the Index’s measures of power in 2021, that included diplomatic and cultural influence, economic capability and future resources.