India's quota share in IMF to improve to 2.75 per cent: Pranab

Finance Minister Pranab Mukherjee, speaking after a meeting of finance leaders from the Group of 20 economies,in South Korea on Saturday, said that India would become the International Monetary Fund's eighth largest member and its share of voting rights would rise to 2.75 per cent.As a part of the wide-ranging package,the G-20 agreed to double the IMF's quotas, which determine how much each country contributes to the IMF and much it may borrow from it.