India's 7.8% GDP growth faces data credibility doubts

India reported 7.8% GDP growth for the first quarter, beating forecasts but sparking controversy over data credibility. Prime Minister Narendra Modi hailed the result, while opposition leaders accused the government of manipulating statistics. The growth was driven by fiscal stimulus, tax cuts, and interest rate reductions, helping India weather the Middle East oil shock. Exports rose 12% and private corporate investment surged nearly 12%, though economists noted investment is not yet broad-based. Skeptics question job creation and foreign investment, while weak monsoon rains threaten rural demand and food inflation. Government spending is expected to ease, and economists predict the growth bonanza may be nearing its peak.