Country’s Index of Industrial Production (IIP) or factory output slipped by 1.2% on year-on-year basis for the month of February, Ministry of Statistics & Programme Implementation said on Wednesday.

The IIP now stands at 182.3, down 1.2%, as compared to February 2016.

Sector wise, mining sector grew by 3.3 per cent, manufacturing sector fell by 2 per cent and electricity production rose by 0.3 per cent in February 2017 as compared to February 2016.

Meanwhile, India's Consumer Price Index (CPI) inflation retail inflation rose to 3.81 per cent in March from 3.18 per cent during the previous month.