Title defines the website content and the keywords for ranking your website in search engines. It helps to build website popularity in various platforms.
Page title is very important according to SEO point of view. It tells the crawler what exactly the page about. If your title is accurate then your chances of ranking in SERP increases.
Ranking is some what difficult as compared to traffic. To increase the traffic for your website to some quality backlink building. After that did something SEO off page also like bookmarking,web 2.0, forum get good result.
Title is important because it tells people and search engines what your page is about . It is also part of what makes people decide whether to visit your site when it shows up in the search results.
In reference to the opening question, one of the reasons why the Title is so important is because Google primarily uses the Title Tag to display the hyper linked headlines users see in the search engine results pages. So in other words Page titles are an important part of our search results since they’re the first line of each result and they’re the actual links our searchers click to reach websites.
There was a blog article not too long ago that Google recently reminded "web designers and webmasters" that page Titles are an important part of the search results displayed. The official article is posted below:
Also too, I would like to mention that from my personal few years of "experience" page titles are imperative in achieving good SEO because search engines rank pages with relevant Page Titles higher than pages without. So it can be easily concluded that the title tag is an important aspect of SEO despite being something quite simple to apply. Just remember that your title tag should be short and sweet like around 7 to 9 words since Google cuts off titles at 64 characters.