The reason for this move was simple: Indian Ministry of Finance claimed that 500 and 1,000 rupee notes are being used to finance terrorism, fund illegal drug sales, fuel the black market, drive counterfeiting, and pay bribes. This so-called “black money” had to reputedly built up to such epic proportions that Prime Minister Modi declared that enough was enough, that he would be take it upon himself to wash his country‟s currency supply in one fell swoop. Demonetization can be said as a „Surgical Strike‟ on Black Money, Terrorism, Fake Currency, Unorganized trading, Real Estate, Share market etc. on the other hand if we talk about the Indian industry on a broader way it can be categories in three parts Manufacturing sector, Service sector and Agriculture sector. After the demonetization only Agriculture sector shows some positive improvement while if we talk about the manufacturing and service sector both were crashed down and these will affect the whole Indian market in 2017 also.