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 “The Emergency Highlights Need For A New Economic Policy” was published on January 10, 1963 and was authored by the founder A. D. Shroff himself. The booklet talks about the conflict between totalitarian communism and democracy, how India’s second and third Five Year Plans have been based upon the communist model and the features of communist planning. The author then states that Agriculture has become a bugbear of communist economies and says that it is significant that the much despised “incentives and profit motive” have come in communist countries. The author then explains the Explanatory Memorandum annexed to the Government of India Budget for 1962-63. The booklet discusses the brief survey of state enterprises, the need of planning for free enterprise of the people, and the important components of infrastructure. At the end of the journal, the author encourages the requirement of a new vision and a new economic policy.