SEAnews 2015-11-13 ArtNo.45538

【New York】Prime Minister Narendra Modi has been ranked as the world's ninth most powerful person by Forbes magazine in a 2015 list.
　Modi was placed 14 in the 2014 Forbes list of world's powerful people. Forbes while releasing the list on Wednesday at the same time said governing 1.2 billion people in India requires more than "shaking hands" and that Modi must pass his party BJP's reform agenda and keep "fractious Opposition" under control.
　The list is topped by Russian President Vladimir Putin. German Chancellor Angela Merkel is at the second spot followed by US President Barack Obama (third) and Pope Francis (fourth) and Chinese President Xi Jinping (fifth). Apart from Modi who is at the ninth position, others in the top 10 are Microsoft founder Bill Gates at no. 6, US Federal Reserve Chair Janet Yellen (7), UK Prime Minister David Cameron (8) and Google's Larry Page (10).

○‘Realisation is setting in — Modi can’t pull miracles’

【New Delhi】Reforms will take time and investors have to be patient, says Frederic Neumann, Managing Director at HSBC.
　With the end of the one-child policy, six interest rate cuts and proposed plans for a Hong Kong-Shenzhen link, Chinese policy makers have been using all levers to spur growth. But is it enough to arrest the slowdown in the Chinese economy? Bloomberg TV India caught up with Neumann, Co-Head of Asia Economics at HSBC, to get a perspective on what these mean for economies like India.
　India is a bright spot. In this story, India is benefitting from the weakening global commodity prices. For example, low oil prices are a big boost to Indian consumers. And you are right that perfect decoupling doesn’t exist. Ultimately, India is still subject to global economic forces but it is less exposed than smaller emerging markets. India is a big internal economy that gives it some resilience. So yes, global turmoil does affect India like any other economy but relatively speaking India is still in a good spot. And we actually think that India would be the best performing fastest growing large emerging market in the world.

○Execution challenges remain with current govt'

【Bangalore】The Narendra Modi-led government needs to keep promises made in the runup to the 2014 Lok Sabha election on economic development, technocrat Nandan Nilekani said. He also condemned the Dadri killing in Uttar Pradesh.
　The Infosys cofounder also emphatically said he will not contest elections again but remain with the Congress party, the main national rival of Modi's Bharatiya Janata Party.

【News source】

Modi ranks 9th on Forbes' 2015 power list, up 6 places

PM Narendra Modi world's 9th most powerful person in Forbes list

‘Realisation is setting in — Modi can’t pull miracles’

Execution challenges remain with current government: Nandan Nilekani

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