Discuss the impact of COVID-19 on India's economy and the measures taken by the government to address it.
Explore the economic repercussions of the pandemic in India and the corresponding government interventions.
- COVID-19 severely impacted India's economy, leading to disruptions in various sectors like manufacturing, services, and agriculture.
- The lockdown measures to curb the spread of the virus resulted in a significant economic downturn, with businesses facing closures and job losses.
- The government implemented several measures to mitigate the economic impact, such as providing financial assistance to vulnerable populations, offering relief packages to businesses, and initiating policy reforms to attract investments.
- Measures like the Atmanirbhar Bharat Abhiyan aimed to promote self-reliance, boost domestic manufacturing, and stimulate economic growth.
- The Reserve Bank of India also implemented monetary policies to support liquidity and credit flow in the economy.
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