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Indonesia’s Road to 8% Economic Growth: A Strategic Blueprint for Success

Insight with Desi Anwar
Published: November 26, 2024

Achieving 8% economic growth is no small feat for any nation, and for Indonesia, it requires a multifaceted approach that goes beyond political stability and investment-friendly policies. From my perspective, one of the most pivotal elements in reaching this ambitious goal is the development of human capital. Indonesia’s future economic success hinges on cultivating a skilled workforce, fostering innovation, and ensuring that businesses are equipped to compete on the global stage. As I discussed with Desianwar on CNN Indonesia, these strategies are vital in positioning Indonesia as a leading destination for investment and economic growth.

A major area that requires focused attention is the development of digital infrastructure, especially the construction of data centers across the country. In today’s world, digital infrastructure is the backbone of any thriving economy. It enables businesses to scale efficiently, attract foreign investment, and foster technological innovation. By building a robust digital framework, Indonesia can significantly enhance its competitiveness, attract cutting-edge industries, and position itself as a central hub in the global digital economy. This infrastructure development will not only empower local businesses but also offer new opportunities for foreign companies seeking a stable, digital-savvy environment to expand.

In tandem with infrastructure development, Indonesia must invest in its human resources. The government and private sector must prioritize the education and skill development of the next generation. Our country’s youth are a valuable asset, and we must ensure they are equipped with the skills that align with the needs of both emerging industries and global markets. At the same time, leveraging the talents of our professional diaspora is a strategic move that should not be overlooked. Many of our fellow Indonesians abroad have accumulated invaluable experience and knowledge that can be harnessed to benefit the nation. By tapping into this pool of expertise, we can accelerate our development and bolster Indonesia’s position in the global economy.

Lastly, I believe that Indonesian entrepreneurs must be encouraged to embrace risk and seize opportunities beyond the domestic market. While it is crucial for businesses to thrive locally, there is immense potential for Indonesian companies to expand regionally and globally. By taking calculated risks and venturing into new markets, entrepreneurs can contribute significantly to the nation’s economic growth. This entrepreneurial spirit, coupled with policies that encourage innovation, will propel Indonesia toward its goal of becoming an economic powerhouse. Through collaboration between government, industry, and individuals, we can achieve a sustainable and robust economic future.

Indonesia Economic Outlook 2025
The Singapore Week of Innovation and Technology (SWITCH) 2024
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