Mumbai, Sept. 6 -- Last week, the Central Statistics Office (CSO) released the latest numbers on the Indian economy. The data revealed that the economy's growth rate in the first quarter ended 30 June had dropped to a six-year low of 5%. What is most worrying about this number is not just that it confirms the fact that the Indian growth story is rapidly losing its momentum for now; nor is it the fact that India has lost its bragging rights as the fastest growing economy in the world. Instead, it is the sobering truth that India's consumption story is going off the rails. This is particularly disconcerting given that the economy, in the absence of little or no investment over the last several years, has essentially been running on the single...