Last year India and Indonesia bore the brunt of a brutal emerging market selloff, but 2014 has seen both countries emerge in a new light.
India elected a new government with a strong growth mandate for reform in May. Many expect new Prime Minister Narendra Modi and the Bharatiya Janata Party to usher in the business friendly policies needed to revive India's economy.
Read MoreAre emerging marketunderdogs the best bet?
Indonesia will go the polls to elect a new president on July 9. The two leading candidates, Jakarta governor Joko Widodo and former army general Prabowo Subianto, have placed a strong emphasis on economic independence, energy self-sufficiency and infrastructure investment.
Their stock markets are among Asia's best performing in 2014; India's benchmark Sensex index is up over 16 percent while the Jakarta Composite has rallied 15 percent.
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