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PM Modi 9th on Forbes most powerful list

Mr. 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.

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

“Mr. Modi has raised his profile as a global leader in recent years during official visits with U.S. 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.

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