This year's theme for the Young Economists' Meeting (YESM) is the analysis of India's industrialization: problems and prospects. In my opinion, such a theme for a student seminar is very relevant at this time because 65 years have passed since the country's independence and India is emerging as one of the largest and fastest growing economies in the world. There are still many obstacles holding back this growth and there are other aspects of the Indian economy that are very advantageous. Hence, assessing the path of industrialization in India and the future of the country is very pertinent in today's context. Now, the industrialization of India can be divided into three periods, namely the pre-British era, the British era and the post-British or modern industrialization era. . Before the advent of European countries in India, India was famous for its handicrafts and large-scale production of cotton, silk, dyes, jute, etc. Indian artisans were excellent in making metal jewelry, household products and various other items. Indeed, towards the end of the 18th century, India emerged as one of the world's major trading centers. However, all this would change once the Industrial Revolution was triggered in Europe. Factories in England produced machine-made fabrics and were much cheaper than indigenous hand-made ones. As a result, the demand for the products of Indian artisans fell sharply and they soon ceased to exist. What followed was the deindustrialization of Indian industry. This process was further accelerated by the colonization of India by the British. The strength of the Indian industry lay in its ability to produce cotton and other textile materials and export them. When the British...... middle of paper...... This is highly harmful to the environment and the government, in order to promote sustainable development, must implement policies to reduce these levels of emissions. Economic sustainability is a global issue across all countries. How long can the earth's resources sustain the ever-increasing demand of the masses? If efficient and sustainable means are not adopted, all natural resources will be exhausted. India has transitioned from an agricultural economy to one with one of the highest growth rates. However, such a change has brought problems in the form of income inequality and environmental degradation. Hopefully, in the coming years, the country will learn to combat these obstacles and emerge as one of the economic giants of the world. “Mother Earth provides enough to satisfy every man's needs but not every man's greed” - Mohandas Gandhi.