The "Fashion" star has topped the top 50 list in an annual poll conducted by the Eastern Eye newspaper.
"Thank you for the love! I feel blessed." @TeamPriyanka: Queen of Bollywood & world's sexiest Asian woman! PC ruling hearts across the globe," the 32-year-old tweeted Thursday.
On the work front, she is busy with Sanjay Leela Bhansali's "Bajirao Mastani", which will be her first period film.
It is based on the love story between Maratha Peshwa Baji Rao I (Ranveer Singh) and his second wife Mastani (Deepika Padukone). Priyanka plays Kashibai, the first wife of Baji Rao.