Narendra Modi features in Forbes “The World’s Most Powerful People”

Based on their influence, reforms and outstanding works, Forbes classifies people into different categories.

Prime Minister Narendra Modi figures among the 10 most powerful people in the world in US magazine Forbes’ 2018 list that is topped by Chinese President Xi Jinping, while Reliance Industries Chairman Mukesh Ambani is the only Indian businessman to feature in the list of 75.

PM Modi, who is ranked 9th and Mr Ambani at 32, are the only two Indians on the Forbes World’s Most Powerful People list that was released on Tuesday. 

“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.

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According to Forbes, to compile the list it considered hundreds of candidates worldwide, from various walks of life, 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 whether the candidates actively used their power.

Chinese President Xi Jinping tops the list for the first time, replacing Russian President Vladimir Putin, who drops to second place after being named the most powerful person in the world for four years in succession. 

“Xi Jinping 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. He enjoys a cult of personality not seen since chairman Mao,” Forbes said. 

“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,” it said, adding that PM Modi “remains hugely popular”. The Forbes has praised Modi’s demonetisation action.

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Ranking Donald Trump in the third position, the American magazine 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.”

Earlier this year, Vladimir Putin was re-elected Russia’s President for a fourth term with nearly 77% 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. 

Forbes said the Ambani-led Reliance Industries sparked a price war in India 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,” it said.

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While Facebook CEO Mark Zuckerberg is ranked 13, British Prime Minister Theresa May is at 14 and Apple CEO Tim Cook has been ranked 24th this year. 

Ranking the Indian-origin Microsoft CEO Satya Nadella in 40th place, Forbes said he had steered the company away from a failing mobile strategy and focused on other segments, including cloud computing and augmented reality.