The Forum of Free Enterprise is a non-political organization founded in 1956 by A. D. Shroff 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 ‘India’s External Sectors- Agenda For Reforms’ is a book form of a lecture delivered by Mr S. S. Tarapore on the auspices of the A.D Shroff Memorial Trust in Bombay. The booklet was published on 27th April 1999.
The booklet illustrates the favourable measures and shortcoming of the controlled fiscal policies affecting imports and exports in South East Asian countries. Mr Tarapore stresses the necessity to further financial liberalisation through sequencing of reform- liberalising the capital flows that would channelise funds to profitable industries wherein price is the indicator and not the ‘heavy protection’. The importance of liberalising several economic sectors simultaneously to maintain a balance as opening up of one sector in absence of another is impractical. Lastly, the booklet advocates for reducing the exchange rate control and provides necessary suggestions for taking action for the same.