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Published on April 20, 2016
The other Asia Pacific FDI hotspots are China, Indonesia, Malaysia, Vietnam, the Philippines, Myanmar, Thailand, India and Sri Lanka.
Over the next decade, the Asia Pacific is forecast to be the fastest growing region of the global economy that offers the biggest potential gains for FDI, said IHS in a statement last week.
It added that amongst the other South Asian economies, Sri Lanka and Bangladesh are expected to show rapid growth over the next decade.
“Despite political turbulence, Bangladesh has made considerable economic progress over the past decade, with average annual GDP growth exceeding 6.5% per year since 2006. Bangladesh has emerged as an attractive location for FDI into low-cost textiles, clothing and footwear manufacturing because of its relatively low-wage costs compared to coastal China.”
“The Asia Pacific region will grow at an average annual rate of 4.5% per year, boosted by rapid growth in consumer spending in China, India and Southeast Asia,” said IHS Asia Pacific Chief Economist Rajiv Biswas.
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