Jakarta: India, China and Indonesia are among Asia's most attractive investment destinations, thanks to a robust private demand combined with expectations of improvements in its business climate, a survey from The Economist Corporate Network (ECN) showed.
Published on Tuesday, the survey — titled "Navigating Asia's Risks and Rewards: Asia Business Outlook Survey 2017" — asked 223 Asia-based business executives in November last year about how their businesses were performing and their expectation for 2017.
About 53.7 percent of the respondents said they will increase their investment in Indonesia, Southeast Asia's largest economy.
The archipelago nation comes third in the region behind China and India, which had 71.6 percent and 55.7 percent respondents respectively saying they will invest in them.
The survey also said that "executives were most optimistic about Indonesia, Myanmar, Vietnam and India. These countries were ranked by around 50-60 percent of those surveyed as having responded to risks in ways that will result in some kind of improvements for business."
ECN is The Economist Group's global advisory service that offers business intelligence briefings, presentations and advice to its subscribers in the so-called "growth markets."
"Respondents viewed government responses to political and economic risks in Indonesia, Myanmar, Vietnam, and India as most likely to positively impact business prospects in 2017," the report said.
The ECN said Indonesia will comfortably remain ASEAN's largest economy next year, with a GDP in cash terms about two-and-a-half times that of Thailand, the bloc's next-largest economy.