Feb IIP growth dips to 7.1%; March retail inflation at 5-month low of 4.28%

The Index of Industrial Production had risen by 7.4% in January; food prices, including vegetables, fell during March

Maintaining high growth for the fourth month in a row, industrial production grew at 7.1% in February, mainly driven by robust performance of the manufacturing sector coupled with higher offtake of capital goods and consumer durables.

Retail inflation slowed to five-month low of 4.28% in March, the third consecutive month of decline, mainly on account of easing food prices including vegetables, government data showed today.

Factory output measured in terms of the Index of Industrial Production (IIP) had grown by 1.2% in February 2017, as per data released by the Central Statistics Office (CSO) today.

The IIP recorded a growth of