How has COVID-19 affected the Indian economy and what steps has the government taken to mitigate the impacts

Discuss the economic impacts of the COVID-19 pandemic in India and explain the steps taken by the government to counter them.
- COVID-19 pandemic has severely impacted the Indian economy, including reduced economic activity, job losses, and decline in GDP. - The government has taken various steps to counter these impacts, such as providing financial relief packages, increasing healthcare spending, reducing interest rates, and supporting small businesses. - The government also implemented a national lockdown, which helped slow down the spread of the virus but hurt businesses and caused job losses. - The government also launched the Atmanirbhar Bharat Abhiyan (Self-Reliant India Campaign), which aims to promote self-reliance and resilience in the Indian economy. - The pandemic has highlighted the need for reforms in various sectors, including healthcare, education, and labour laws. - However, the full extent of the economic impact of COVID-19 may not be known for some time, and continued government intervention will be necessary to support the recovery of the Indian economy.
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