DBS points to digital economy, EVs, infrastructure as 2021 growth drivers for Indonesia

A screenshot shows the promotional poster for DBS Indonesia's "Reimagining the Future of Indonesia", a virtual discussion held on March 22, 2021 as part of its Asian Insights Conference series. - www.dbs.com/JP

JAKARTA (The Jakarta Post/ANN): The digital economy, electric vehicles (EVs) and infrastructure are this year’s prominent sectors according to an economist at Singapore’s DBS Bank, who has made the projection based on accelerated digitalization and the government’s investment focus during the pandemic.

DBS Economics and Macro Strategy senior vice president Radhika Rao said the recent shift in consumers to e-commerce platforms, the government’s partnership with EV manufacturers and the recently established Indonesian Investment Authority (INA) would be key economic drivers for 2021.