1) The document discusses joint ventures (JVs) in India, specifically why they form, why they can become unstable, and examples of JVs in the Indian automotive and consumer goods industries. 2) It notes that skill discrepancies and the motivation to explore new opportunities or exploit existing capabilities drive JV formation. However, JVs can become unstable as partners' bargaining power and dependence shifts over time. 3) Several Indian JVs are discussed as case studies, including Hero Honda in the automotive industry, and Foodworld and Britannia-Danone in consumer goods. Reasons for JV success and failure in India are also analyzed.