India, 4th Most Powerful in Asia, Cedes Strategic Ground to China: Report.
According to experts, China is closing in on the US as the most powerful country influencing the Asia-Pacific and the US economy could take until 2024 to recover to pre-pandemic levels.
India, the fourth most powerful nation on the index after Japan, lost economic growth potential in the pandemic and is also ceding strategic ground to Beijing. Lowy projects India will reach 40% of China’s economic output by 2030,compared with the 50% estimate last year.
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