- PM Modi beats Donald Trump, Barack Obama and Vladimir Putin to win poll
- This is the second time that PM Modi has won the online readers' poll
- Magazine's editors will decide final Person of the Year later this week
Prime Minister Modi won with 18 per cent of the vote when the poll closed last night, getting significantly more votes than his closest contenders, including Barack Obama, Donald Trump and Wikileaks Founder Julian Assange, who all received 7 per cent of the 'yes' vote.
Prime Minister Modi was also placed significantly ahead of other prominent figures of this year, like Facebook founder Mark Zuckerberg (2 per cent) and US Presidential nominee Hillary Clinton (4 per cent), Time said.
Time's editors will decide the final Person of the Year later this week, but the online poll results provide a look at how the world sees these figures and PM Narendra Modi emerged as the most influential figure in 2016, according to the online poll.
Time said the reader poll is an "important window" into who they think most shaped 2016.
It is for the second time that PM Modi has won the online readers' poll for Time Person of the Year title, securing the honour in 2014, when he had got more than 16 per cent of the almost five million votes cast.
For the fourth year in a row, Prime Minister Modi is among the contenders for Time's 'Person of the Year' honour, which the US publication bestows every year to the one "who has most influenced the news and our world in the past year, for good or ill".
Last year German Chancellor Angela Merkel was Time's 'Person of the Year'.
Time said in recent months, PM Modi saw high approval ratings from Indians, according to a September Pew poll. It added that Prime Minister Modi has come under scrutiny recently for getting rid of 500-and 1,000-rupee notes, impacting cash-based businesses.
Current poll results, analysed by poll host Apester, found that preferences differed across the world and the United States. Prime Minister Narendra Modi performed particularly well among Indian voters as well as those in California and New Jersey.
PM Modi had been in the lead in this year's online poll and according to the initial votes cast, he had got 21 per cent voting in his favour.
For a while Mr Assange had overtaken US President-Elect Donald Trump for the lead in the online poll, getting 10 per cent of all the "yes" votes cast by participants, Time had said.
Among the contenders this year are former Secretary of State Hillary Clinton, FBI Chief James Comey, Apple CEO Tim Cook, parents of slain Muslim-American soldier Humanyun Khan, Khizr and Ghazala Khan, North Korean leader Kim Jong Un, British Prime Minister Theresa May and Chinese leader Xi Jinping.
Time had also analysed the moments from 2016 when this year's poll contenders were most talked about. For PM Modi it was October 16 when the Indian leader had suggested during a summit of BRICS nations in Goa that Pakistan is the "mothership" for terrorism.