Manjesh Verma, BlackRock Head of APAC Credit and Fixed Income Research, at an investment forum in Jakarta said the two emerging market countries were advantageous due to their large populations.

“Because of large population, large markets, thriving democracy, these are two countries which kind of stand out where there is a lot of investor focus and attention going in,” he said.

He added, however, that India and Indonesia need to deepen their financial markets, including equity and currency markets.