New Delhi, June 8 -- Investment momentum is likely to broaden beyond government-led infrastructure in the financial year 2026-27 (FY27), as lower interest rates, tax cuts, and easing tariff uncertainty encourage private capex, especially in consumer durables, logistics, retail and capital goods, according to a research report by Bank of Baroda Economic Research.

The brokerage, after analyzing 2,383 listed companies, found gross fixed assets grew 5.8 per cent in FY26 to Rs 46.7 lakh crore vs 7.4 per cent in FY25. While overall growth moderated due to tariff-driven uncertainty, sectors tied to domestic demand and government capex showed strong capital formation, setting the stage for a wider recovery in FY27.

Nine sectors posted GFA growt...