Well, it has been a long journey, 6 years and counting, and with every new year new glories have been achieved, new laurels have been acquired. Oh yes! I'm talking about our department's own Young Economist Students' Meet (YESM). The sixth year since its birth and this is where we find ourselves today. Boy my boy. The department's brainchild is coming of age. And if you're thinking that I'm going to give you complex, rhetorical economic theories about industrialization and other such important theories, you might just have rushed off. “Investing for the Future: Education and Development” (YESM 2011 ) and “Rethinking Capitalism” (YESM 2012), I only attended these two editions but my superiors told me that the previous editions were as good as the ones I had witnessed. It was in September 2010 when I first became aware of YESM, our current PG-2 group were the organizers of the event, then came YESM 2012 where I was actively involved in many processes. And look where I am now, this time the President of the Meet, with many responsibilities hanging on my shoulders. “Reviewing India's Industrialization: Problems and Prospects”, our overall theme for YESM this year, and well, the theme may seem simple but believe me, many trees had to be burnt in the process of selecting the theme. Max Frisch had shot an arrow: "The technologist was the last robe of the white missionary, industrialization the last gospel of a dying race, and a standard of living that supersedes purpose in life." Without delving into whether the technologist was the ultimate guise or whether the standard of living was the substitute, which might give rise to some controversy, I agree with what Max Frisch had said about industrialization, yes..... . half of the paper ......social awareness? The gap between rich and poor continues to widen. So is industrialization really the final gospel? I started with the observation that perhaps it is the last gospel, but after writing about 1 and a half pages I'm just wondering, and if this is the result of a few lines, I doubt just like the impact that industrialization has had in these years. But what is the alternative? Or is it industrialization versus maximizing our utility? No, I won't go any further. I leave it to YESM 2013 to answer my questions, and I guarantee that all of you will get your answers on industrialization of India too, but for that you will have to follow YESM 2013 patiently. And I agree with what Steven Levy said : "The world is poised on the cusp of an economic and cultural change as dramatic as that of the industrial revolution"..”