The COVID-19 pandemic has had a significant impact on India's economy. Here are some of the key impacts and the steps taken by the government to mitigate it: 1. Economic contraction: The pandemic led to a sharp decline in economic activities, resulting in a contraction in India's GDP. 2. Disruptions in key sectors: Sectors like manufacturing, tourism, hospitality, and retail faced severe disruptions, leading to job losses and business closures. 3. Declining consumer demand: The pandemic and subsequent lockdown measures negatively affected consumer spending, leading to reduced demand for goods and services. 4. Government interventions: The Indian government implemented various measures to mitigate the impact, such as providing fiscal stimulus packages, easing monetary policies, and offering liquidity support to businesses. 5. Atmanirbhar Bharat initiatives: The government launched the Atmanirbhar Bharat (Self-reliant India) campaign, aiming to promote domestic production and reduce dependency on imports. 6. Relief measures for vulnerable populations: The government rolled out schemes like direct cash transfers, free food distribution, and employment guarantee programs to provide relief to the most affected sections of society. 7. Structural reforms: The government initiated structural reforms in sectors like agriculture, labor, and taxation to boost investments, enhance productivity, and attract foreign direct investments. These steps are intended to cushion the impact of the pandemic on India's economy and pave the way for a gradual recovery.