New Delhi, Aug. 25 -- Fitch Ratings on Monday affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a stable outlook.

India's ratings are supported by its robust growth and solid external finances, said the rating agency in a statement.

A strengthening record on delivering growth with macro stability and improving fiscal credibility should drive a steady improvement in its structural metrics, including GDP per capita, and increase the likelihood that debt can trend modestly downward in the medium term, it continued.

India's economic outlook remains strong relative to peers, even as momentum has moderated in the past two years.

Fitch Ratings forecast GDP growth of 6.5 per cent in the fiscal year 2025-26...