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Turning to the indicators, India gained in almost every single dimension. On the whole, the country only marginally lost power in the dimension of World Heritage Sites. Although India could list three new sites, the Historic City of Ahmadabad in 2017, the Victorian Gothic and Art Deco Ensembles of Mumbai in 2018 and Jaipur City in 2019, it observed a slight decrease in Market Change (-0.02) due to its performance below the average.
In terms of GDP (PPP), India ranks far behind China and the US, but likewise far ahead in comparison to the remaining countries, showing a Market Change of 0.04. Remarkably, India ranks third in the dimension of Military Spending, following the US and China with a Country Share of 3.8%. Furthermore, India managed to maintain its seven companies listed in the Fortune 500 as well as its eight chokepoints between 2016 and 2020.
Please cite as:
Center for Global Studies (CGS) (2022). “Bonn Power Shift Monitor: India: Accelerated Power Growth”, University of Bonn, Bonn.