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 “Some Impressions of Latin American Economies- Lessons for India” was published on August 14, 1989, and was authored by Minoo R. Shroff. The author elaborates on his impressions of the three Latin American economies namely- Argentina, Brazil and Mexico. The text briefly traces the economic and political journeys of each of these countries. Shroff argues that there are “pockets of extremes, great opulence juxtaposed with extreme poverty” while characterizing the prevalent situations in these Latin American economies. Despite initial rapid growth and decent performance on various fronts, these countries have been mired in myriad issues ranging from social and economic unrest to exponentially rising foreign debt. From his analysis of the performances of these Latin American countries, Shroff draws a conclusion by recommending key areas where India needs to work on. He suggests better handling of the budgetary deficit, debt servicing and inflation all while maintaining a vibrant and healthy democracy.