Disappointing but not alarming: CEA

India's second-quarter GDP growth rate of 5.4 per cent is disappointing, but there is no reason to be alarmed as the economy has many bright spots, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Friday.

- Ruchika Chitravanshi

He said the latest GDP growth numbers were a one-off development and not the beginning of a trend, amid a challenging global environment that has cast a shadow on domestic manufacturing.

"We should expect to see the growth in the second half of the current financial year...We need to be aware that the global context is not the same as it was in the first decade when there was synchronized global growth, resulting in capital formation growth," Nageswaran said.