PICS:Modi, Satyarthi in greatest leaders list of Fortune

Prime Minister Narendra Modi and Nobel laureate Kailash Satyarthi have been named among the 50 greatest leaders in the world by Fortune magazine in its annual list of "extraordinary" men and women transforming business, government and philanthropy. Modi is ranked 5th on the 2015 roster of 'World's Greatest Leaders' with Satyarthi coming in at the 28th spot. On Modi, Fortune said the Indian leader has "actually" begun to deliver on his election promises and is "making genuine progress" in his efforts to make India more business-friendly and less regulated, addressing violence against women, improving sanitation and "patching up relations with other Asian countries and the US". It said there is still a "long way to go" and fully achieving Modi's goals will require "reforming India’s powerful, widely corrupt bureaucracy." Fortune noted that Modi has put the bureaucrats on notice and has been taking action where he can. He has also greatly simplified the procedure for getting a visa to visit India, symbolically lowering the status of bureaucrats and raising that of potential outside investors, it added. "Modi still faces such huge challenges as privatizing India’s vast portfolio of state-owned businesses and deregulating labor markets. But simply by declaring those as goals, he has seized control of the national agenda and sent a message that it’s time for all of India not just its infotech services sector to join the 21st century," Fortune said, citing forecasts by the IMF that India will be growing faster than China in the next couple of years.