The author captures the evolution of Indian industrial capitalism by extending the 'models of capitalism' and 'regulation framework'. Using principally the auto industry and anchoring the analysis to the expansion of markets, he demonstrates that the Indian state and businesses have been important institutions for creating markets. He acknowledges significant market growth, but also underscores several contradictions arising from such capitalist development. There is a wealth of data, which scholars, policymakers, and businesses will find very useful.

ANTHONY P. D'COSTA is Professor of Comparative International Development, University of Washington, USA. He has authored The Global Restructuring of the Steel Industry and co-edited India in the Global Software Industry. He has been a fellow of the World Institute of Development Economics Research and an Abe Fellow of SSRC/Japan Foundation. He is on the editorial board of Asian Business and Management and edits Palgrave's Technology, Globalization and Development series.