The Indian economy is facing multiple challenges amidst the ongoing pandemic. Here are the main factors affecting the Indian economy in the present scenario:

• COVID-19 pandemic: The pandemic has had a severe impact on the Indian economy, with the extended lockdowns and restrictions causing disruptions in supply chains, leading to a slowdown in economic activity.
• Unemployment: With the pandemic leading to job losses, unemployment has become a pressing issue. The decrease in demand due to a fall in consumer confidence has led to businesses laying off workers.
• Trade tensions: The trade tensions between India and other countries have affected exports, which is essential for the country's economy, leading to a decrease in foreign exchange reserves.
• Fiscal consolidation: The Indian government has attempted to control the fiscal deficit, leading to a reduction in government spending, affecting public investments, and slowing down economic growth.
• Policy reforms: The Indian government has implemented several policy reforms to improve the economy's efficiency, but the implementation process has been slow in some areas.

In conclusion, the Indian economy is facing multiple challenges that need to be handled efficiently to boost economic growth and development.