India has what its export-dependent neighbors want: An economic engine powered primarily by domestic consumption.
The task for India now is revving that consumption up.
The economy is weakening. On Friday, India said gross domestic product growth slowed to 7.6% in the September quarter, its lowest rate since 2004.
India can't spend its way out of this problem, thanks to already-high government debt levels. In the six months to September, the country's budget deficit rose to $21 billion -- ..
