Narendra Modi among top 10 most powerful people in the world; Mukesh Ambani only other Indian on the power list by Forbes

New York:

Prime Minister Narendra Modi has been ranked among the top 10 most powerful people in the world by Forbes in a list that has been topped for the first time ever by Chinese President Xi Jinping, who dethroned Russian President Vladimir Putin as the most influential person on the planet.

Modi ranks 9th on the Forbes 2018 list of 75 of the World’s Most Powerful People who make the world turn.

“There are nearly 7.5 billion humans on planet Earth, but these 75 men and women make the world turn. Forbes’ annual ranking of The World’s Most Powerful People identifies one person out of every 100 million whose actions mean the most,” Forbes said.

Modi, 67, is ahead of Facebook CEO Mark Zuckerberg (ranked 13), United Kingdom Prime Minister Theresa May (14), Chinese Premier Li Keqiang (15) and Apple CEO Tim Cook (24).

Reliance Industries Chairman Mukesh Ambani, with a net worth of 41.2 billion dollars, is the only other Indian on the power list, ranking 32nd.

Microsoft’s India-born CEO Satya Nadella is on the 40th spot.

Forbes said Modi “remains hugely popular” in the second most populous country on earth. It cited Modi government’s November 2016 decision to eliminate India’s two largest banknotes in a bid to reduce money laundering and corruption.

“Modi has raised his profile as a global leader in recent years during official visits with US President Donald Trump and Xi Jinping. He has also emerged as a key figure in the international effort to tackle climate change, as warming affects millions of his country’s rural citizens,” Forbes said.

On Ambani, Forbes said the billionaire industrialist’s Reliance sparked a price war in India’s hyper-competitive telecom market with the launch of 4G phone service Jio in 2016.

“Jio has signed on 160 million customers by offering free domestic voice calls, dirt-cheap data services and virtually free smartphones,” Forbes said.

After being named the most powerful person in the world for four consecutive years, Putin drops to the second spot, dethroned by Xi, who seizes the top spot for the first time ever after China’s congress amended its constitution in March, broadening his influence and eliminating term limits.

Forbes said the Chinese leader “enjoys a cult of personality” not seen since Chairman Mao Zedong, China’s founding father.

Putin has ruled Russia since May of 2000, and this year he was re-elected to a fourth term with nearly 77 percent of the vote. That’s the largest margin of victory for any candidate for the office since the fall of the Soviet Union, Forbes said.

“This year’s list highlights the consolidation of power in the hands of an elite few,” Forbes said.

Rounding up the top five on the list are Trump on the third spot, followed by German Chancellor Angela Merkel (4) and Amazon chief Jeff Bezos (5).

On Trump, Forbes said he has seen limited success pushing his agenda through a Congress controlled by his own party, is under investigation by multiple law enforcement agencies, and can’t shake off scandals arising from his personal and business life –but he’s still Commander in Chief of the world’s greatest economic and military power.

There are 17 new names on the list this year, including Mohammed Bin Salman Al Saud (8), the Crown Prince of Saudi Arabia. His father remains king, but he has consolidated power beyond any doubt and taken control of the country, Forbes said.

Other new members include U.S. Federal Reserve Chairman Jerome Powell (11), Exxon Mobil CEO Darren Woods (34), President of South Korea Moon Jae-in (54) and Special Counsel for the U.S. Department of Justice Robert Mueller (72).

On Nadella, Forbes said the Microsoft CEO has steered the company away from a failing mobile strategy and focused on other segments, including cloud computing and augmented reality.

“Since taking over as a CEO, Microsoft’s stock has increased by more than 150 per cent,” it said.

The list also includes Pope Francis (6), Cofounder of the Bill & Melinda Gates Foundation Bill Gates (7), French President Emmanuel Macron (12), Alibaba Chief Jack Ma (21), CEO and Chairman of Tesla Elon Musk (25), UN Secretary General Antonio Guterres (31), North Korean leader Kim Jong-un (36), Canadian Prime Minister Justin Trudeau (57), Syrian President Bashar Al-Assad (62), Philippines President Rodrigo Duterte (69) and Islamic State’s self-proclaimed caliph Abu Bakr al-Baghdadi (73).

In compiling the list, Forbes said it considered hundreds of candidates from various walks of life all around the globe, and measured their power along four dimensions of whether the person has power over lots of people, financial resources controlled by each person, whether the candidate is powerful in multiple spheres and that the candidates actively used their power.

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