Market Inflation data, stagflation concerns to steer equity indices Updated : December 15, 2019 10:49 AM IST Lately, macro-data points on inflation and industrial production spooked investors as they indicated that India's economy has entered into a phase of Stagflation. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.