The IMF has raised India s GDP projection by 0.2% to 6.3%, indicating the strength and fast growth of the Indian economy amidst a global economic slowdown. The BJP claims that this recognition from global institutions is proof that Prime Minister Narendra Modi s handling of the economy, known as "Modinomics," is being acknowledged globally. The party attributes the robustness of the Indian economy to policy and structural reforms, such as the aatmanirbhar Bharat initiative.