What is the importance of industrialization in India?

I think that you will get different variations on the same
tune.  Industrialization is vitally important for India.  The reasons for this are going
to vary.  For me, I would say that one of the most important reasons why
industrialization is needed is because of the opportunity provided through jobs.  Given
India's massive population, as well as its increasing condition, industry is one of the
few sectors that can provide jobs to many people.  The scale of industry and expansion
can meet the needs of a growing population.  At the same time, I think that industry is
important to India's place in the global economy.

While
information technology and other sector development is extremely important, industry
allows India to be a producer of goods, enabling it to compete with other nations and
develop a revenue stream that will be able to weather market contractions as they occur
in the global setting. India is already carving out a niche in the information
technology sector, but as already seeing, such a high demand can result in
oversaturation.  As global economies contract and fluctuate, it is important for India
to diversify its creation of economic staples in as many areas as possible, which is
where industrialization assists.

Industry can also forge
even more partnerships between itself and the West, which can prove useful in diplomatic
realms, enhancing the role of India on the world stage, and helping it effectively wage
its battles against terrorism. Such partnerships are present in the automotive industry
as an example.  Finally, I think that industry allows the chasm between urban and rural
to be reduced.  It is important for Indian modernization to not happen at the expense of
one and not the other.  In this, industrialization can be developed and wealth
generation can happen in both rural and urban settings, of vital importance to
India.