Published ByVijay Bhaskar Reddy Maramreddy
Publishing DateJune 21, 2026
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AsiaIMF Member Since 1945Net Creditor

India

India is a founding IMF member and has seen its SDR allocation grow steadily with its expanding economy. India holds more SDRs than its allocation, reflecting its strong reserve position. During the 1991 balance of payments crisis, India drew heavily on IMF resources. In the 2021 historic allocation, India received the 4th-largest share of any country. Calls for including the Indian rupee in the SDR basket are growing.

Current Allocation
SDR 13.1B
2026
Current Holdings
SDR 15.0B
+14.4% vs allocation
IMF Quota Share
2.75%
SDR 13.1B quota
Allocation Growth
+13420%
Since 1970

Initial SDR Allocation

First Allocation Year
1970
Initial SDR Allocation
SDR 97M
Initial Quota Share
2.56%

SDR Allocation & Holdings Over Time

0M3.9B7.9B11.8B15.8B1970198119912001201120212026
Allocation
Holdings

IMF Quota Share Evolution (%)

0.0%0.7%1.4%2.2%2.9%1970198119912001201120212026

Decade-by-Decade SDR Status

YearAllocation (M SDR)Holdings (M SDR)Quota ShareNet PositionNote
197097972.56% +0Founding member
19815264502.15% -76โ€”
19918187002.44% -118India drew on IMF credit during BoP crisis
20011,4801,6001.93% +120โ€”
20115,8226,2002.44% +379โ€”
202113,11414,5002.75% +1,3862021 allocation; India is 8th largest quota holder
2026Current13,11415,0002.75% +1,886Current status โ€” holdings above allocation

2026 โ€” Current SDR Status

Total Allocation
SDR 13,114M
Current Holdings
SDR 15,000M
IMF Quota (SDR)
SDR 13,114M
Status
โ–ฒ Net Creditor (+14.4%)
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