Time for Asia to Play a larger role at IMF

Europe & US account for 35 % of Global GDP, but dominate IMF with around 50 % voting share. Asia, on the other hand, has 20 percent of the voting share, even though the region acnts for about 34 percent of global GDP. Time for Structural shift has arrived. The economic power is continuing to shift on the Eastern part of the World with China dominating. India, though facing challenging growth environment with high inflation and high interest rates is poised to benefit if structural shifting happens in IMF. We can put forward favorable trade policies and boost our export earnings.