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 “Liberalisation of the Indian Economy – The Unfinished Task” was published in 1991, and was authored by D.N. Patodia. The author begins by examining the reasons for India’s precarious economic position before the major economic reforms of the 90s. He goes on to spell out the recent major economic reforms which include delicensing, removal of MRTP restrictions on assets, liberalisation of foreign trade and investment etc. He argues that the Indian economy is now guided more by market forces, less by administrative dictates. However, with a cautious tone, he notes that implementation of economic reforms is a continuous and long-drawn process and the policy package introduced by the government is by no means complete. He argues that many more policy initiatives on every front – fiscal, monetary and administrative – will still be needed. He goes on to suggest measures on these three fronts. In his concluding remarks, he emphasizes the need for Indian businesses to adapt to the growing competition by investing in research and development and improvement of quality.