As India fails to deliver on its promise of growth, a smaller Asian country Indonesia, finds itself in a position to lure investors away from the third largest economy in the region with higher stock market returns, better fiscal management and lower inflation.
“Indonesia looks like it has hit the sweet spot, whereas India is nursing a headache from its latest boom,” says Frederic Neumann, Co-Head of Asian Economic Research at HSBC.
India, according to Goldman Sachs’ Jim O’Neill, the Bric that has disappointed. Late last year O'Neill said that India’s poor record on productivity, foreign direct investment (FDI) and policy reform had made it the most disappointing among the four biggest developing economies – Brazil, Russia, India and China.
Credit Suisse’s Wandesford says Indonesia reminds him of India three to four years ago, when there was a huge euphoria over the growth opportunity it offered foreign investors and companies. “In 2005-2008 India could do no wrong, now it is Indonesia.”
IDX et EIDO ...2 etf se dirigent vers la lune.
“Indonesia looks like it has hit the sweet spot, whereas India is nursing a headache from its latest boom,” says Frederic Neumann, Co-Head of Asian Economic Research at HSBC.
India, according to Goldman Sachs’ Jim O’Neill, the Bric that has disappointed. Late last year O'Neill said that India’s poor record on productivity, foreign direct investment (FDI) and policy reform had made it the most disappointing among the four biggest developing economies – Brazil, Russia, India and China.
Credit Suisse’s Wandesford says Indonesia reminds him of India three to four years ago, when there was a huge euphoria over the growth opportunity it offered foreign investors and companies. “In 2005-2008 India could do no wrong, now it is Indonesia.”
IDX et EIDO ...2 etf se dirigent vers la lune.
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