India becomes seventh largest share holder in World Bank

India is now the seventh-largest shareholder of the bank. Developing nations like India, China, Brazil, Indonesia, Mexico and Turkey which have a greater voting power will have better control over the day-to-day activities of the World Bank.
With this, there is an overall shift of 3 per cent vote share to developing countries, bringing their total vote share to 47 per cent and India will become the seventh-largest shareholder in the bank.
India’s voting power went up to 2.91 per cent, while China leaped to 4.42 per cent, making it the third-largest shareholder. The finance ministry also said the changes reflected rapid growth of the Indian economy, which is expected to grow further in the near future, thereby strengthening its position in World Bank.

Source : India becomes seventh largest share holder in World Bank