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.
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.
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.
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.