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, “Has private enterprise failed?” was published in 1956 and was authored by the founder himself. The author examined the validity of contentions that led to the belief of the failure of the private sector in India then. He narrated the historical review of the sector and the struggle it witnessed during the time. He focused on the instances of developments that substantially grew over the years and paved the way for India to be an industrial hub. He included an excerpt from the letter addressed by Mr. Eugene Black, Chairman of the World Bank, to our Finance Minister, Mr. T. T. Krishnamachari on the basis of the report of the mission that highlighted our economic condition. Mr. Black emphasized the potentialities of private enterprises as drastically being underrated in India then. The author vouched for Mr. Black on his contentions and the desire the chairman held for India’s rapid economic development. Finally, the author concluded and stressed the functioning and importance of, “Free Enterprises,” which would otherwise result in the disruption of the democratic way of life.