The Indian government has implemented various policies to combat the economic impact of the COVID-19 pandemic. Some of the major steps taken by the government are:
The government announced a Rs 20 lakh crore Atmanirbhar Bharat package to help revive the economy.
Relief measures such as providing free food and cash transfers to low-income households, farmers, and daily wage earners were also implemented.
The Reserve Bank of India has provided regulatory measures that have helped in the ease of credit flow to businesses and households.
Tax filing deadlines have been extended and other compliance-related measures have been eased to provide relief to businesses.
The government has also announced sector-specific measures such as infrastructure spending and liquidity measures for MSMEs.
These policies aim to provide short-term relief to those affected by the pandemic and revive the economy in the long run.