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India’s expansion of its steel industry is an important part of its development plans. In careful detail, William Johnson examines the principal issues of analysis and policy involved: factors of production necessary for growth of the industry; whether programs for expansion of the industry are justified by demand; the extent to which India possesses, or lacks, a comparative advantage in the production of iron and steel; whether Indian steel mills have been economically located; and the role of government in stimulating growth both in the industry and, more generally, in the Indian economy.