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 “Obstacles to Liberalisation and Market Economy” was published on February 14, 1993, and was authored by Manu Shroff. The author begins by arguing that the social, political, economic and administrative environment in our country has been bedevilled by feudal attitudes which are totally at variance with individualism and enterprise. He points out that in the name of socialism, we ignored individual enterprise and looked to the state to provide the impetus for growth and removal of poverty. He argues that change in these attitudes is far more important than specific policy reforms if we are to move to a market economy in a meaningful way. He goes on to spell out specific policy initiatives taken in the past few years and the obstacles they have encountered. He stresses the need to abide by the law of competition by arguing that if ‘entry’ into an activity is free from controls, exit from it must also be possible without restraint. He discusses some of the reservations different sectors have had about liberalisation. He concludes by stressing the need to shed the ideological baggage and feudal attitudes of the past to move in the direction of a liberal market economy.