Explain the impact of COVID-19 on India's economy.
Analyze the economic effects of the pandemic on different sectors.
- Overall economic slowdown: The pandemic caused a significant contraction in India's GDP growth rate, leading to a slowdown in economic activities.
- Service sector hit hard: Industries like tourism, hospitality, and entertainment suffered due to travel restrictions and lockdown measures.
- Manufacturing disruptions: Lockdowns and supply chain disruptions affected manufacturing industries, leading to reduced production and job losses.
- Agricultural sector resilience: Despite challenges, the agricultural sector remained relatively resilient, providing essential food supplies.
- Unemployment spike: Many sectors witnessed layoffs and job losses, leading to a spike in unemployment rates across the country.
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