Narendra Modi
Prime Minister Narendra ModiReuters

Prime Minister Narendra Modi has been ranked as the 13th most influential person in the world, according to an annual list released by 'Bloomberg Markets Most Influential'.

"He (Modi) 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 said.

Last week, a report by the World Economic Forum (WEF) showed that India's rank moved up by 16 notches to 55th spot in the Global Competitiveness Index this year. The report attributed the improvement to initiatives taken by the Modi government in its 15-month rule.

However, PM Modi's rank lies below that of Chinese President Xi Jinping, US President Barack Obama and German Chancellor Angela Merkel.

The list of 50 most influential people is topped by US Federal Reserve Chairman Janet Yellen. Apple's Tim Cook, Berkshire Hathaway's Warren Buffett, Goldman Sachs' Lloyd Blankfein and JPMorgan Chase's Jamie Dimon are the CEOs who "dominated" the list.

Ruchir Sharma, head of emerging markets and global macro at Morgan Stanley Investment Management, is the only other Indian on the list. He had recently cautioned that China could become the main cause of next global recession, Bloomberg reported.

"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," NDTV Profit quoted, Bloomberg, as saying.

Also read