Indonesia sets ambitious investment goal to drive GDP


Indonesia President Prabowo Subianto. — Reuters

JAKARTA: The government will pursue an average growth of 10% in investment annually over the next five years, including building up the chipmaking industry, in a move deemed key to achieving President Prabowo Subianto’s ambitious 8% economic growth target.

To meet the gross domestic product growth target, Prabowo’s administration will also pursue around 9% growth in exports, while maintaining household consumption between 5% and 6% over the next five years.

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