Economy

Sitharaman is included in Forbes list of the 100 most powerful women, and Nykaa’s Falguni Nayar makes her debut

For the third year in a row, Union Finance Minister Nirmala Sitharaman was named to Forbes’ list of the world’s 100 most powerful women. She is ranked 37th this year, up from 41st the previous year. She’s also two places ahead of Janet Yellen, her American counterpart.

Sitharaman is included in Forbes' list of the 100 most powerful women
Sitharaman is included in Forbes’ list of the 100 most powerful women

In 2020, Sitharaman was ranked 41st, and in 2019, she was ranked 34th. India’s Finance Minister Nirmala Sitharaman is the country’s first full-time female finance minister.

Every year, the American business magazine Forbes publishes a list of the world’s 100 most powerful women. The magazine’s 18th annual list of power women included 40 CEOs this year, the most since 2015, who “oversee a record $3.3 trillion in revenue,” according to the magazine. There were also 19 world leaders and an immunologist on the list.

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For the first time in more than a decade, the list features a new number one, with philanthropist Mackenzie Scott replacing outgoing German Chancellor Angela Merkel.

Kamala Harris, the US vice president, is ranked second, up one spot from last year. This year, the Indian-origin woman made history as the first female vice president and the highest-ranking female official in US history, as well as the first African-American and Asian-American vice presidents.

The president of the European Central Bank, Christine Lagarde, is ranked third.

HCL Corporation CEO Roshni Nadar Malhotra (52), and Biocon Executive Chairperson Kiran Mazundar-Shaw (72), are among the Indians on the list. Falguni Nayar, the founder of Nykaa, also made her debut at number 88.

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Frances Haugen (100), a Facebook whistleblower, and Bangladeshi Prime Minister Sheikh Hasina Wajed are among the other notable names on the list (43).

The top ten ‘World’s 100 Most Powerful Women’ are listed below

#1 Philanthropist MacKenzie Scott

#2 US vice-president Kamala Harris

#3 European Central Bank president Christine Lagarde

#4 CEO of General Motors Mary Barra

#5 Philanthropist Melinda French Gates

#6 Fidelity Investments CEO Abigail Johnson

#7 Santander Executive Chairman Ana Patricia Botín

#8 President of European Commission Ursula von der Leyen

#9 Taiwan President Tsai Ing-wen

#10 Accenture CEO Julie Sweet

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