Osama has been ranked 37th just after Dr Singh, who has got the 36th position. Immediately after Osama comes the Dalai Lama.
Dawood is at the 50th position but he is more "powerful" than Ratan Tata, who is nine steps below.
The list includes Tata Sons chairman Mr Ratan Tata, Reliance billionaire Mr Mukesh Ambani and Indian-born Mr Lakshmi Mittal.
The US President, Mr Barack Obama, tops the inaugural list, followed by the Chinese President, Mr Hu Jintao and the Russian Prime Minister, Mr Vladimir Putin. The list of 67 people aims to represent one in every 100 million in a total world population of 6.7 billion, Forbes said. The list was compiled on basis of four criteria -- influence of the person, power in multiple spheres, control of financial resources and how actively the person wields power.
The US Federal Reserve chairman, Mr Ben Bernanke, Google founders Mr Sergey Brin and Mr Larry Page, Mexican telecoms tycoon Carlos Slim Helu, Australian media tycoon Rupert Murdoch, Wal-Mart chief executive Michael Duke, Saudi Arabia's King Abdullah and Microsoft founder Bill Gates complete the top 10 list of the most powerful people in the world.
The Britain's Prime Minister, Mr Gordon Brown, gets 29th spot while the German Chancellor, Ms Angela Merkel. is at 15.
The Pakistan Prime Minister, Mr Yousaf Raza Gilani, at 38.
Mexican drug lord Joaquin "El Chapo Guzman," reported to be hiding in the mountains of northern Mexico is at number 4l.
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