The Indian government has taken several measures to counter the effects of COVID-19 on the Indian economy. Some of these measures include:

• PM Garib Kalyan Yojana: The government announced a relief package worth INR 1.7 lakh crore to provide food security and financial assistance to the poor.
• Atmanirbhar Bharat Abhiyan: A fiscal relief package worth INR 20 lakh crore was announced, aimed towards reviving the Indian economy.
• Loan moratorium: A 6-month loan moratorium was announced between March and August, easing the burden on borrowers.
• MSME sector relief: An INR 3 lakh crore collateral-free loan package was announced to support the MSME sector.
• PM SVANidhi Yojana: Aimed at supporting street vendors, the scheme provides working capital loans of up to INR 10,000 to help them restart their businesses.
• Reduction in EPF contribution: The government reduced the contribution to the Employee Provident Fund from 12% to 10% for a period of three months to provide more take-home pay for employees.
• GST refunds: The government fast-tracked the refund process for GST payments made by exporters to provide cash-flow support.

These measures have provided much-needed relief to the Indian economy during these difficult times.