In 2021 two areas will be critical for business in India: the country will remain a battleground for global technology and telecom companies, and climate change will grow in importance in investment decisions.
China is the only major economy that grew in 2020, but without the global COVID-19 context it was a disaster, and the long-term damage is still unclear. As Beijing prepares to unveil a new five-year economic plan, businesses will be bombarded with contradictory signals in 2021.
Business in Indonesia will be dominated by two issues. The continuing COVID-19 pandemic and the recently passed jobs law. Chinese investors will find Indonesia’s market much friendlier, while non-Chinese investors will increasingly be judged by the standards of their Chinese counterparts.
Vietnam’s positive economic growth picture, impressively sustained through the COVID-19 pandemic, and the pro-FDI dispositions of almost all senior leaders is retained through its five-yearly leadership transition. The investment outlook remains strong in 2021.