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.
The list released in 2018 is for the year 2017. PM Modi’s position on the list is the same as the previous two lists.
PM Modi, 67, is ahead of Facebook CEO Mark Zuckerberg, who has been ranked 13, United Kingdom Prime Minister Theresa May, 14, Chinese Premier Li Keqiang, 15, and Apple CEO Tim Cook, who is at 24.
According to the Forbes, “Modi ‘remains hugely popular’ in the second most populous country on earth.” The magazine 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.
It also cited Modi government’s November 2016 decision to eliminate India’s two largest banknotes in a bid to reduce money laundering and corruption.
Other than Prime Minister Narendra Modi, the only other Indian who features in the Forbes list of “The World’s Most Powerful People” is Reliance Industries Chairman Mukesh Ambani.
The richest Indian with a net worth of $41.2 billion is ranked 32nd in the list. 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. India-born Microsoft CEO Satya Nadella is ranked 40th in the list. “Since taking over as a CEO, Microsoft’s stock has increased by more than 150 per cent,” For said.
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.
Forbes said, “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.”
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.
This is how ranking is being done!
Forbes’ annual ranking of The World’s Most Powerful People identifies one person out of every 100 million. While compiling the rankings, Forbes took into account four things. First, it asked if the candidate has power over a large number of people. Then, it assessed the financial resources controlled by the candidate; next, if the candidate is powerful in more than one sphere. Lastly, it checks that the candidate actively used their power.
“To calculate the final rankings, a panel of Forbes editors ranked all of our candidates in each of these four dimensions of power, and those individual rankings were averaged into a composite score,” said Forbes. “This year’s list comes at a time of rapid and profound change, and represents our best guess about who will matter in the year to come.”
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