The COVID-19 pandemic has had a significant impact on the Indian economy. Here are some of the effects that it has had:

• Firstly, the pandemic has resulted in a contraction in the Indian economy. India's GDP contracted by 7.7% in the financial year 2020-2021, which is the worst since independence.
• The COVID-19 pandemic has also led to job losses and reduced incomes for many people. The unemployment rate in India rose from 6.7% in March 2020 to 23.5% in April 2020.
• The pandemic has impacted various sectors of the Indian economy, including travel, tourism, hospitality, and retail. These industries suffered due to restrictions on movement and social distancing measures imposed to combat the virus spread.
• Another effect of the pandemic is an increase in inflation, as supply chains were disrupted and there were shortages of essential goods such as food and medical supplies. This forced the government to intervene with price fixing.
• The pandemic has also caused delays and disruptions to various infrastructure projects, slowing down the pace of development in the country.
• Lastly, the pandemic has highlighted the need for India to invest in its healthcare system, as it has been overstretched during the pandemic, resulting in the government having to allocate more funds to meet the demands.

Overall, the COVID-19 pandemic has had a significant impact on the Indian economy, and it will take time for the country to recover and stabilize.