This year's theme of the Young Economists' Students Meet (YESM) is a review of India's industrialization: problems and perspectives. In my opinion, such a theme for a student seminar is very relevant at present, because 65 years have passed since the country's independence and India is becoming one of the largest economies and the fastest growing in the world. There are still many obstacles to this growth and other aspects of the Indian economy are greatly advantageous. Thus, assessing the journey of industrialization in India and the future of the country is very relevant in the current 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 arrival 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 at making metal jewelry, household products, and various other items. In fact, towards the end of the 18th century, India became one of the world's major trading centers. However, all this would change once the industrial revolution began in Europe. Mills in England produced machine-made fabrics and these were much cheaper than handmade native fabrics. As a result, the demand for the products of Indian artisans decreased significantly and they soon ceased to exist. The deindustrialization of Indian industry followed. This process was further accelerated by the colonization of India by the British. The strength of Indian industry lay in its ability to produce cotton and other fabrics and export them. When the British...... middle of paper ...... This is very damaging 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 we face. by all countries. How long can Earth's resources meet the ever-increasing demands of the masses? If effective and sustainable means are not adopted, all natural resources will be exhausted. India has transformed 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 years to come, 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 his greed” - Mohandas Gandhi.