New Delhi, Sept. 23 -- India's economic growth is expected to moderate over the remainder of the financial year, but private investment is likely to remain a key support, with Fitch Ratings raising its FY2026-27 GDP growth forecast to 6.9 per cent from 6.4 per cent earlier in its latest report.

The report said growth had remained stronger than expected, with GDP expanding 8.6 per cent year-on-year in the first quarter of 2026, or the fourth quarter of FY2025-26, compared with 7.7 per cent in the previous quarter. Growth slowed to 7.8 per cent in the second quarter but remained above the rating agency's earlier expectations.

The agency expects growth to moderate in the rest of FY2026-27, citing slower expansion in manufacturing and servi...