The COVID-19 pandemic has severely impacted the Indian economy. Here are some of the effects it has had:

• Decline in GDP: India's GDP contracted by 23.9% in Q1 2020-21, its first contraction in four decades.
• Unemployment: There has been a sharp increase in unemployment due to the pandemic. According to CMIE, the unemployment rate stood at 7.5% in September 2020.
• Disruption in supply chains: Due to the lockdown, many businesses faced a disruption in supply chains, which resulted in a shortage of goods and services.
• Drop in demand: With people losing jobs and salaries, demand for goods and services fell significantly.
• Banking sector crisis: The pandemic has led to a rise in the number of non-performing assets (NPAs) of banks.
• Decline in Exports: Due to global slowdown and various nations imposing restrictions on imports and exports, India's exports fell dramatically.

These are just a few of the impacts that COVID-19 has had on the Indian economy. The government has taken several measures to revive the economy, but it will take time to recover fully.