The Forum of Free Enterprise was 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 published booklets to further its objects. The following booklet titled, “Price policy in nationalized industry and trade,” was published in 1960 and authored by P.H.Sheshagiri Rao. The author focused on the Chandigarh session of the then congress committee on extending the area of nationalized industry and trade. He highlighted the move of state trading in foodgrains. He highlighted the importance of freedom and competition in correcting the imbalance and satisfying the price level for both the seller and the buyer. The author further went to examine the classes of contract in relation to the viability of the economic operations. Mr. Sheshagiri emphasized the advancement of supply of a particular commodity by the state on the basis of a monopolistic trend. Lastly, he concluded by accentuating two examples of rapid economic progress, that of West Germany and Communist China, and left it to the Indian policymakers to decide which path to follow.