Jokowi: Indonesia May Become World's Seventh-Largest Economy by 2030

11 October 2021 14:58 WIB

President Joko Widodo delivers a speech in the opening of the 2019 Indonesia Bankin Expo in Jakarta, Wednesday, November 6, 2019. TEMPO/Subekti.

TEMPO.CO, JakartaPresident Joko "Jokowi" Widodo stated that Indonesia has the potential to become the seventh-largest economy in the world by 2030. This is evident from the continuous development in the digital-based economy in the archipelago, including in the banking, insurance, up to financial technology (fintech) sectors.

The current COVID-19 pandemic, he added, would even accelerate the development of digital technology in economic activities further, “if we control it quickly and properly,” said the head of state in the 2021 OJK Virtual Innovation event as quoted from the Presidential Secretariat’s YouTube channel on Monday, October 11. 

Jokowi said Indonesia had great potential to become a digital giant after China and India. “And that could lead us to become the world’s seventh-largest economy by 2030.”

Thus, he underlined that the momentum called for swift and correct responses, followed by efforts to build a strong and sustainable digital financial ecosystem.

Jokowi reminded all that a responsible digital ecosystem must have risk mitigation of possible legal and social issues in a bid to prevent losses and improve protection for the community.

Read: Bappenas Head Hopes New Capital City Can Balance Economy among Regions

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