India’s top politicians Sonia Gandhi and Manmohan Singh have fallen out of the top 20 in Forbes’ annual list of the world’s most powerful people.

Gandhi, leader of India’s Congress party, was No. 21 on the 2013 list, down from 12 last year. Prime Minister Singh took the 28th spot in the list, also losing nine spots since 2012.

Gandhi was ranked third among nine women in the annual list of the world’s 72 most-powerful people — one for every 100 million people on Earth — which Forbes said is based on factors ranging from wealth to global influence.

The Forbes ranking found four heads of state occupying the top five spots among the world’s most powerful people. Russian President Vladimir Putin bumped American counterpart Barack Obama from the No. 1 spot. China’s president Xi Jinping, Pope Francis and German Chancellor Angela Merkel rounded out the top five.

The list’s highest-ranked businessman was Microsoft co-founder Bill Gates at No. 6. Mukesh Ambani, India’s richest man and chairman of Reliance Industries, slipped a spot to 38 this year while Indian-born steel magnate Lakshmi Mittal was at No. 51, sandwiched between the presidents of the World Bank and South Korea.