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Abstract : In this paper, we focus on the structural reforms and their impact on Industrial Production of various sectors. The main objective is to study the economic implication and financial repercussions on various industrial sectors. As mentioned earlier this study will give thorough information about the policies and their impact on various sectors which propagates economic growth and leads India towards being a corrupt-free country. According to the recent statements by Central Statistical Organization (CSO) India, International Monetary Fund (IMF) and several other rating organizations have brought down their positive outlook on India’s performance in Modi’s governance. The refinement in economic foundations of India is increasing with its well-built and execution of new reforms with the stable Modi government. This study tries to research on the effect of the new policies which was rolled out by Modi government which is adding to work towards empowering India as a promising superpower. India is one of the countries which is adaptable to change. Over the past few years it has gone through a lot of changes with regards to changes in the Indian tax structure by implementing Goods and Services Tax (GST): One nation One tax, including the financially excluded people through Jan Dhan Yojana, the move of currency from Rs.1000 and Rs.500 to Rs.2000 and new Rs.500 notes through Demonetization and many such changes have been made by the Modi government. © IAEME Publication.