Thailand
Indonesia: Govt optimistic of doubling digital economy growth by 2025: minister
Jakarta (ANTARA) – With a positive work performance and a strong foundation, the government is confident of achieving twofold digital economy growth by 2025, Coordinating Minister for Economic Affairs Airlangga Hartarto said here on Tuesday.
Hartarto cited reports from Google, Temasek, and Bain & Company, which have pegged the value of the national digital economy in 2022 at US$77 billion.
The reports have also projected that the digital economy would double in growth by 2025 to reach an estimated US$130 billion.
“With positive performance and strong foundation, the value of the digital economy can grow twice as much, up to US$130 billion (in 2025), and in 2030, it can reach US$360 billion,” the minister said.
Indonesia has become a digital economy player in ASEAN, with 40 percent of total transactions in the region coming from Indonesia. National agreement in the first quarter of 2022 was the second largest after Singapore, he noted.
“That capital is so crucial. Moreover, Indonesia has a population of people in the productive age, which is included in the demographic bonus; also has 2,400 startups and the rate of Internet penetration is as much as 77 percent,” he said.
In 2022, the national economy grew 5.31 percent, and it was estimated that this year, it will grow 5.3 percent.
According to Hartarto, economic growth has been supported by the growth of the digital economy as well as other online-based services, such as food deliveries and ride-hailing.
He affirmed that the government is optimistic that the transportation and culinary sub-sectors of the digital economy would grow up to US$39 billion by 2025, with growth capped above 20 percent.
As part of the short-term plan, the government is encouraging the use of local products by easing access to credit for micro, small, and medium businesses, he added.
Under the mid-term plan, the government is encouraging development in many sectors, like tourism, by establishing special economic zones, he added.
As part of the long-term plan, the government is consistently putting in efforts to improve competitiveness, develop human resources, and create jobs by establishing the Job Creation Law.
Source: https://en.antaranews.com/news/274191/govt-optimistic-of-doubling-digital-economy-growth-by-2025-minister