<h1>India's Retail Inflation Drops to 3.61% in February; Manufacturing Boosts Industrial Production Index to 5% in January</h1> Retail inflation in India fell below the Reserve Bank's target of 4% to 3.61% in February, driven by lower food prices, particularly vegetables and protein-rich items. This decline raises the likelihood of another rate cut by the Reserve Bank of India in April. Meanwhile, the manufacturing sector boosted the Index of Industrial Production (IIP) to 5% in January, indicating a rebound in industrial activity. Despite slower growth in mining and power output, the manufacturing sector's output grew significantly. These developments suggest positive economic momentum, although stock markets showed a slight decline due to external concerns.