What are the measures taken by the Indian government to improve the condition of the economy amidst COVID-19 pandemic

Discuss the steps taken by the Indian government to boost the country’s economy during the COVID-19 pandemic.
The Indian government has taken several measures to improve the condition of the economy amidst the COVID-19 pandemic. Some of these steps include:
  • Announcing a stimulus package of Rs 20 lakh crore to provide relief to various sectors of the economy affected by the pandemic.
  • Providing financial assistance to migrant workers, farmers, and small businesses.
  • Introducing a production-linked incentive (PLI) scheme to encourage domestic manufacturing in various sectors.
  • Increasing the allocation for the rural employment guarantee scheme (MGNREGA) to provide job opportunities in rural areas.
  • Reducing the repo rate and the reverse repo rate to make credit cheaper and increase liquidity in the economy.
  • Providing tax relief for various sectors and extending the deadline for filing returns and making payments.
These steps are expected to improve liquidity, encourage investment and employment, and help the economy recover from the effects of the pandemic.
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