New Delhi, December 12 (ANI): There is more disappointing news for the slowing Indian economy. The Index of Industrial Production (IIP) for the month of October contracted to 5.1% versus a growth of 1.9% in September. IIP was dragged down by fall in capital goods, manufacturing and mining sector. During April October, industrial production expanded 3.5 percent. The output had grown 7.8 percent in the 2010/11 fiscal year that ended in March, slower than 10.5 percent in the previous year.