In the month of October, India's industrial output fell for the first time in many years by 0.4 per cent.
For the month of September 2007, output had grown by 5.45% and for October 2007, it was 12.2%.
A year ago; the Index for Industrial Production numbers for the seven-month period ended October, was 4.1% against 9.9%.
Furthermore, in the year ago period, manufacturing sector, which accounts for 80% of the index, declined 1.2% from 13.8%.
The government sought to rescue the manufacturers earlier this month, by announcing an across-the-board (barring petroleum goods) four per cent cut in excise duty.