India's engagement with the International Monetary Fund: growing into an ownership role

How do rising powers engage with international institutions? While this question has remained important, we have very few theoretically grounded, empirical studies that look at this engagement. This paper seeks to address that gap by focusing on India's engagement with the International Monetary Fund (IMF). It argues that rising powers engage with the institution's distinctive design, seeking to change features such as the rules for controlling the institution. The issues the institution covers matter: the nature of the issue area can facilitate engagement. For example, in the case of India's engagement with the IMF, the technical nature of the issue arena provided autonomy to the executive and facilitated the process of formulating and implementing its strategy. The Indian executive has engaged mostly with formal rules during the period under review. Contrary to expectations that status-quoist institutions will normally discourage states from seeking change, the paper finds that India expended its resources to influence quota reform.