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According to Australia - based think tank Lowy Institute's 2023 Asia Power Index, the gap between India's resources and its influence in Asia is widening . India is the fourth most powerful country in Asia, but it exerts less influence than expected given its available resources . The United States of America ( USA ) holds the most power in Asia, followed by China and Japan . This analysis reveals India to be an underachiever, performing less well than would be expected based on its size and available resources . Despite a small uptick in 2022, India's Power Gap has on balance deteriorated over five years, and now stands at - 2 . 8 points . In the index, India scored 36 . 3 points based on eight parameters : economic capability, military capability, resilience, future resources, economic relationships, defence networks, diplomatic influence and cultural influence . In the report, the countries with a score of more than 70 were categorised as " Superpowers ". The USA and China were the only superpowers, with scores of 80 . 7 and 72 . 5, respectively . Japan, with 37 . 2 points, stood in the third spot . Both Japan and India were categorised as the " Middle powers ".
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