Contents -- INTRODUCTION -- I: INDIAN ECONOMIC POLICY AND PERFORMANCE -- Indian Economic Development before 1956 -- Economic Objectives and Planning Strategy -- Economic Developments: 1956 to 1972 -- Structure of the Indian Economy, 1969-70 -- II: INDUSTRIAL DEVELOPMENT POLICIES IN INDIA -- III: GROWTH OF THE AUTOMOBILE AND ANCILLARY INDUSTRY -- Relationship of Vehicle and Ancillary Producers -- Government Policy toward the Indian Automobile and Ancillary Industry -- Growth of the Automobile Industry -- Prices and Taxes -- Demarcation of Ancillaries -- The Growth of Ancillary Producers -- IV: THE ECONOMICS OF IMPORT SUBSTITUTION IN THE ANCILLARY INDUSTRY -- The Sample -- The Technology of Assembly and Ancillary Production -- The Execution of Government Policies -- Some General Aspects of Industry Operation -- V: DOMESTIC RESOURCE COSTS OF IMPORT SUBSTITUTION IN THE ASSEMBLY AND ANCILLARY INDUSTRIES -- The Domestic Resource Cost Measure -- The Data -- The Microaspects of Import Substitution -- Industry-Wide Cost Estimates -- VI: CAUSES OF DOMESTIC RESOURCE COST VARIATIONS -- Rejected Factors -- Significant Determinants of Cost Differences: The Efficiency Hypothesis -- VII: POLICY IMPLICATIONS AND CONCLUSIONS -- Persistence of Efficiency Differences -- Implications for Indian Economic Policy -- Lessons for Other Countries -- APPENDIX. Demarcation of the Automobile Parts To Be Manufactured by the Ancillary Industry and Vehicle Manufacturers -- NOTES -- INDEX -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- K -- L -- M -- N -- O -- P -- Q -- R -- S -- T -- U -- V -- W -- X.