Forbes magazine (USA) has just a Special Report listing "The 100 Most Powerful Women".

According to this, the most powerful woman in the world is Chancellor Angela Merkel of Germany. This is possibly true.

The 2nd most powerful woman is Sheila Bair, the Chairman of the United States' Federal Deposit Insurance Corp - also possibly true.

However, the 3rd most powerful woman - hold on to your seat! - is Indra Nooyi, the CEO of PepsiCo. This too might be true, except that, down at number 13 on the list, BELOW Cristina Fernandez, President of Argentina, is our own Sonia Gandhi!

Well, Forbes is an American magazine, so I guess their perspective must be that the further away geographically from the US one is, the less important one must be!

Professor Prabhu Guptara