Prime Minister Narendra Modi has debuted at 13th place in the 'Bloomberg Markets Most Influential' annual ranking which is topped by US Federal Reserve Chairman Janet Yellen. Chinese premier Xi Jinping, US President Barack Obama and German Chancellor Angela Merkel are among those ranked above Modi in the coveted list of 50 people. “He won election in May 2014 by the widest margin in 30 years, giving him a shot at making some investment-friendly reforms that have faced stubborn resistance in the world's largest democracy. India might grow faster than China this year,” Bloomberg wrote about PM Modi.
India moved up 16 positions to rank 55th on a global index of the world's most competitive economies, according to the World Economic Forum. India's progress has been linked to several initiatives taken by the 15-month-old Narendra Modi government. “In selecting our influential elite, we favour recent accomplishments over lifetime achievements. Half the people here have never appeared on our list before... China, for better or worse, is vital to global markets, and we have a bigger Asia cohort than ever,” Bloomberg said.
