Focus

Rise & Rise Of Modi: With his bold poli­cies and high­pro­file global stature, the Indian prime min­is­ter makes it within the top 10 of the Forbes' elite power list.

India Business Journal - - CONTENTS - IBJ BUREAU

Prime Min­is­ter Naren­dra Modi has been ranked among the top10, most-pow­er­ful peo­ple in the world by the Forbes. The global power list has been topped for the first time ever by Chi­nese Pres­i­dent Xi Jin­ping, who has de­throned Rus­sian Pres­i­dent Vladimir Putin as the mostin­flu­en­tial per­son on the planet.

Mr Modi ranks ninth 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," the Forbes has said.

Af­ter be­ing named the most-pow­er­ful per­son in the world for four con­sec­u­tive years, Mr Putin has droped to the sec­ond spot. Mr Xi, who has de­throned Mr Putin, has seized the top spot for the first time ever af­ter China's leg­is­la­ture amended its con­sti­tu­tion in March, broad­en­ing his in­flu­ence and elim­i­nat­ing term lim­its.

The Forbes has noted that the Chi­nese leader "en­joys a cult of per­son­al­ity" not seen since Chair­man Mao Ze­dong, China's found­ing fa­ther. Mr Putin has ruled Rus­sia since May of 2000, and this year, he was re­elected to a fourth term with nearly 77 per cent of the vote. "That's the largest mar­gin of vic­tory for any can­di­date for the of­fice since the fall of the Soviet Union," the Amer­i­can mag­a­zine has pointed out.

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

Forbes adds that he has seen lim­ited suc­cess in push­ing his agenda through a Congress con­trolled by his own party and is un­der in­ves­ti­ga­tion by mul­ti­ple law en­force­ment agen­cies. Be­sides, he can­not shake off scan­dals aris­ing from his per­sonal and busi­ness lives. But he is still the com­man­der-in-chief of the world's great­est eco­nomic and mil­i­tary power.

Indian stars

Mr 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, is the only other Indian on the power list, rank­ing 32nd.

Forbes has said that Modi "re­mains hugely popular" in the sec­ond­most pop­u­lous coun­try on earth. It has cited the 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 Chi­nese Pres­i­dent 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," the

Forbes has noted.

On Mr Am­bani, the Forbes has said that the bil­lion­aire in­dus­tri­al­ist's Reliance sparked a price war in In­dia's hy­per­com­pet­i­tive 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," the

Forbes has added.

Mi­crosoft's In­dia-born CEO Satya Nadella is at the 40th spot. On Mr Nadella, the Forbes notes that 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," the US mag­a­zine has added.

Power play

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 the king, but the crown prince has con­sol­i­dated power be­yond any doubt and taken con­trol of the coun­try, the lead­ing US mag­a­zine, which tracks the world's rich and mighty, adds.

The other new mem­bers in­clude US 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 US De­part­ment of Jus­tice Robert Mueller (72).

The power list also in­cludes Pope Fran­cis (6), Co-Founder of the Bill & Melinda Gates Foun­da­tion Bill Gates (7), French Pres­i­dent Em­manuel Macron (12), Alibaba Chair­man Jack Ma (21), Chair­man and CEO 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 self­pro­claimed caliph Abu Bakr al-Bagh­dadi (73).

In com­pil­ing the list, the Forbes has dis­closed that it has 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 have ac­tively used their power.

"The list high­lights the con­sol­i­da­tion of power in the hands of an elite few," the Forbes notes. Messrs Trump, Putin, Xi and Modi, in fact, rep­re­sent the crop of lead­ers who are pow­er­ful and ag­gres­sive at the same time. It would be bet­ter if these men use the power of per­sua­sion more than the power of con­fronta­tion to make the world a bet­ter place.

Prime Min­is­ter Naren­dra Modi

Chi­nese Pres­i­dent Xi Jin­ping tops the global power list by re­plac­ing Rus­sian Pres­i­dent Vladimir Putin.

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