This document summarizes a study on assessing the impact of faults on an induction motor drive operating under indirect field oriented control. The study develops a rotor flux DQ axis model of an induction motor and simulates various faults including voltage, current, speed, torque, and stator flux faults. Simulation results using MATLAB/Simulink show the impact of faults on motor performance indicators like voltage, current, speed, torque, and flux. Both open-loop and closed-loop indirect field oriented control schemes are evaluated. The analysis provides a method for assessing reliability of motor drives by observing their behavior under different fault conditions.