The Forum of Free Enterprise is a non-political organization founded in 1956 by A.D Shroff and was established to educate public opinion in India on free enterprise and a democratic way of life. The Forum publishes booklets to further its objects. The following booklet titled, “Socialism” was published in 1970 and was authored by K.Santhanam, R.C Cooper, C.L Gheevala. In the article titled, Socialism or state capitalism,” The author provided a brief overview of the historical purview of the two ideological manifestations. He then focused on what drives the production of modern industry and how labor gets consequently affected based on the policies made. The author further emphasized the need for equating India’s planning with production, employment, and social services. The article titled, “Twentieth century socialism,” highlighted the distinction between two kinds of socialist regimes for the developing countries. The Indian case study in the socialist context was provided that was cast with case studies of other countries that emerged successfully. The concluding article titled, “Socialist dilemma,” pointed out the problems that occurred due to the nationalization of policies. And lastly underlined the importance of freedom and the basic values of democracy.