India's 7.8% GDP growth faces data credibility and monsoon concerns

India reported 7.8% GDP growth for the first quarter, beating forecasts but sparking controversy over data credibility and methodology. Prime Minister Narendra Modi hailed the result, though opposition leaders and economists questioned its accuracy and long-term sustainability amid a weak monsoon. The growth was driven by a large fiscal stimulus, including tax cuts and lower interest rates, which helped India withstand the Middle East oil shock despite crude import dependence. Exports rose 12% and private corporate investments surged nearly 12%, aided by a weak rupee and strong global demand. Critics, including former officials, alleged statistical manipulation due to revised GDP methodology and a lower base, while the government and World Bank officials defended the changes. Concerns persist over job creation and foreign investment, with stock markets largely ignoring the positive data.