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 is titled “India’s Food Problem” authored by Dr. B. R. Shenoy. The text is not written but rather was a speech delivered by Dr. Shenoy which was later converted in text format. In this lecture Dr. Shenoy maintains his critical and analytical finesse and provides an assessment of the food problem that was being faced by India at the time. The text includes the specific reasons as well as some mistakes on the part of general principles. One interesting insight is that then the insufficiency of supply was the problem, and today, excess productions supported by price support mechanism (which were heavily criticised by Dr. Shenoy) is the source of the problem. In the lecture Shenoy has highlighted the “need for zero-inflation budgets” and “capital starvation of agriculture” which are very much relevant even today. Shenoy’s Lecture has satisfactorily survived the test of the time.