The Forum of Free Enterprise is a non-political organization founded in 1956 by A. D. Shroff, and has been 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 ‘Finance and Industry in India’ is authored by A.D. Shroff and published in 1964. The author highlights how the industrial structure of the country has undergone change and the importance of statistics in the economy. He evaluates industrial development with respect to the time periods of first two five year plans. He illustrates how the borrowing rate of industries have been increasing at a rapid rate, taxation policies have lessened profits, and the depleting foreign exchange reserves. He criticises the specific working of the Industrial Finance Corporation and mentions that it has been improving. He further elaborates about Industrial Credit and Investment Corporation of India which was set up in cooperation with the private sector. It is appreciated for its quick decisions and high standard of conduct. He examines the working of National Industrial Development Cooperation, Refinance Cooperation, Commonwealth Development Finance Corporation, etc. He also highlights how India is dependent on foreign aid and loans.