The COVID-19 pandemic has greatly impacted economic growth in India. The country's GDP contracted by a record 7.7% in FY 2020-21 due to various lockdowns and restrictions. This contraction in the economy has led to job losses, business closures, liquidity crunch, and a significant drop in demand.

• The major economic consequences of the pandemic in India have been poverty, unemployment, inflation, and a decrease in private consumption.
• In response to these challenges, the Indian government implemented several policies to mitigate the effects of the pandemic. These policies include the Pradhan Mantri Garib Kalyan Yojana, the Atmanirbhar Bharat Abhiyan, and the National Rural Employment Guarantee Act.
• Under the Pradhan Mantri Garib Kalyan Yojana, the government provided food and cash assistance to the poor and vulnerable sections of the society.
• The Atmanirbhar Bharat Abhiyan aimed to make India self-reliant and focused on promoting domestic manufacturing and supporting small and medium-sized businesses.
• The National Rural Employment Guarantee Act ensured employment opportunities for the rural population and strengthened the agricultural sector.

Overall, the COVID-19 pandemic has had a significant impact on the Indian economy, but the government's policies have played an important role in mitigating some of its effects.