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 is titled “The Union-Budget 1999-2000: Positive Measures and Innovative Policies” was published on April 13, 1999, and was authored by H.P. Ranina. The author acknowledges that the Finance Minister has made serious attempts to restore macroeconomic balance to a fiscally disoriented economy. The author discusses proposals affecting individuals. Further, the author brings into focus specific measures which would enable business and industry to achieve a better rate of growth. The author concludes with the view that the 1999-2000 budget proposals reflect economic realism mixed with political sensitivity and unless India grows at a minimum rate of 8 percent per annum for the next 20 years, there is no hope of dramatically reducing the extent of mass poverty and economic deprivation.