India has a "Visa-free score" of 51, which in effect means that 24 countries allow Indian passport holders visa-free entry and 27 provide them with the visa on arrival.
Meanwhile, this is the first time an Asian country has taken the top spot in the index.
The Canadian passport didn't do as well as past year, but it was still ranked one of the most powerful in the world in a global survey. "It is a testament of Singapore's inclusive diplomatic relations and effective foreign policy", said Philippe May, managing director of Arton Capital's Singapore office. The U.S. passport grants holders the ability to travel visa-free to 154 countries.
In recent months, Singapore and Germany have been tied for first place, but Singapore rose to the number-one spot after Paraguay recently removed visa requirements, Arton Capital said on October 25.
It ranked all of the passports of the world by their "total visa-free score", where a point is given for each country that their holders can visit without a visa, with a visa on arrival, or using electronic travel authorisation.
"More and more people every year invest hundreds of thousands of dollars in a second passport to offer better opportunity and security for their families", Arton added.
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Travelers can view the full list of powerful passports here.
How do you obtain a passport from a country you don't live in?
Henley & Partners, working with the International Air Transport Association (IATA), releases its own Visa Restrictions Index once a year and considers 218 countries and territories for its list.
The Individual Passport Power Rank is updated annually by Arton Capital. China is ranked 67 with a visa-free score of 60.
Also in the top ten are: Sweden (124 and 33), South Korea (117 and 40), Denmark, Finland and Italy (124 and 32), France (123 and 33), Spain (122 and 34) and Norway (120 and 36).