The Indian Economy

The latest press release from the Central Statistical Organization, which is part of the Ministry of Statistics and Programme Implementation, Government of India contains the latest official estimates of GDP for the quarter ended December 2008.

I recommend reading the complete 6-page press release.Following are the components of GDP on the output side; the percentages of GDP are calculated from the GDP at market price estimates for Q3 FY 2008-2009 at current prices.

Agriculture, Forestry & Fishing 20.98%
Mining and Quarrying 2.53%
Manufacturing 14.79%
Electricity, Gas and Water Supply 1.52%
Construction 8.49%
Trade, hotels,transport and communication 24.40%
Financing, insurance, real estate and business services 13.60%
Community, Social and Personal Services 13.67%

The CPI Central Committee condemns the Essential Services Management Actions

Here today you see that The Central Committee of the Communist Party of India has condemned alleged arrest and detainment of the officers of the 14 Oil Public Sector Units under the Essential Services Management Act and the Government's threat to 'call in the Army' to deal with the strike.
"The major point of demand has been the demand of the officers for a "five year tenure" of their wage-revision instead of ten years." according to this article.

Executives of Indian Oil Corporation and Gas Authority of India Ltd. strike for 3 days and end it today

Another IBN Live report states the strike has ended with hard talk on wages from Petroleum Minister Murli Deora.