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 “What Makes Japan Tick: Some Lessons For India” was published on October 15, 1988, and is authored by Mr. Minoo R. Shroff. The paper traces the historical development of Japan as a formidable industrial and technological leader, starting from the marked shift that the country experienced during the 1868’s Meiji Restoration. This booklet draws an in-depth factual analysis of Japan’s unique physical geography, scant resources, work and social culture, harmonious employer-employee relationships and their government-market business relationship. Then it proceeds to link it with the positive steps the country has taken, after considering the above-mentioned factors, to achieve conservation and optimal use of resources, utilize its high savings, enhance productivity and develop technology that meets their needs. The paper ends by highlighting certain key areas where India could learn from Japan’s experiences to bolster its optimal use of resources and enhance technological development suitable to its local needs.