Tuesday 2 March 2021
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Forbes names Sitharaman as world’s 41st most powerful woman

In May 2019, Sitharaman was appointed as India's finance minister, and is the Minister for Corporate Affairs. She is India's first full-time female finance minister

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Economy Forbes names Sitharaman as world’s 41st most powerful woman

Union Finance Minister Nirmala Sitharaman is among the Forbes’ ranking of 100 most powerful women in the world. FM Nirmala Sitharaman, 61, is ranked 41st, and other Indians in the list include HCL Corporation CEO and Executive Director Roshni Nadar Malhotra and Biocon Founder Kiran Mazumdar-Shaw.

German Chancellor Angela Merkel grabbed the No. 1 slot for the 10th consecutive year, with European Central Bank head Christine Lagarde coming in second for the second year in a row. US Vice President-elect Kamala Harris made the list for the first time ― occupying the No. 3 rank. 

In May 2019, Sitharaman was appointed as India’s finance minister. She is the minister for corporate affairs. She is India’s first full-time woman finance minister.

Roshni Nadar Malhotra has claimed the 55th spot on the Forbes 2020 list of ‘The World’s 100 Most Powerful Women’. As CEO of HCL Corporation, she is responsible for all strategic decisions for the $ 8.9 billion technology company. In July 2020, Malhotra took HCL’s chairperson role from her father and she is a trustee of the Shiv Nadar Foundation, which is focused on education and has established some of India’s top colleges and schools.

Mazumdar-Shaw, 68, who is ranked 68 on the list, is India’s richest self-made woman and founder of the country’s largest biopharmaceutical company by revenue in 1978. The company has sold 3 billion doses of insulin to date and has Asia’s largest insulin factory in Malaysia’s Johor region. Biocon has received Indian regulatory permission to conduct phase 4 trials for its drug Itolizumab as a potential treatment for Covid-19, Forbes said.

“There are 10 heads of state, 38 CEOs and five entertainers among them. But where they differ in age, nationality and job description, they are united in the ways they have been using their platforms to address the unique challenges of 2020,” the business magazine said.

According to Forbes, “(Angela) Merkel remains the de facto leader of Europe, leading the region’s largest economy after steering Germany through financial crisis and back to growth. Her leadership is marked by her steely reserve, from standing up to Donald Trump to allowing more than a million Syrian refugees into Germany. The big question that the public is now asking is who and what will come after (Angela) Merkel’s time in office comes to an end.”

Forbes said Harris’ “rapid ascension in US politics” has “catapulted” her onto the list. Speaker of the House Nancy Pelosi pushed to the seventh slot on the list, down from last year when she ranked third.

European Commission President Ursula von der Leyen came in fourth place, while philanthropist Melinda Gates claimed the fifth spot in the 2020 list.

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