However, India figures at 78th place in the list of 100 best countries with a score of 55.70 out of 100.
The magazine claimed that 77-year-old Singh, who is into his seventh year in office, has played a "key role in India's emergence as one of the rising powers of the 21st century.
According to CNN-IBN, in an article titled "The Leader Other Leaders Love", the magazine said the economist-turned-politician Singh, engineered the transition "from stagnant socialism to a spectacular take off in the global economy."
Besides Singh, British Premier David Cameron, French President Nicolas Sarkozy, Chinese Premier Wen Jiabao, Brazilian President Luiz Inácio Lula da Silva and Saudi Arabia's King Abdullah bin Abdel Aziz al-Saud also figure in the list.
According to the channel report, the rank was based on five categories of national well-being, education, health, quality of life, economic competitiveness, and political environment.