Indonesia reconsiders strategies to attain 8% economic growth

It is observed that the government’s strategies and programmes aimed at achieving higher economic growth are primarily driven by the idea of boosting the demand side of the economy.

JAKARTA: The discussion around strategies for achieving high economic growth has intensified following President Prabowo Subianto’s declaration of an ambition to bring Indonesian economic growth to 8% per year by the end of 2029.

Concurrently, the government has introduced several initiatives to drive this growth, including the free nutritious meal programme, the development of three million housing units, the sovereign wealth fund Danantara, the food estate programme, the establishment of a bullion bank and the development of 80,000 Merah-Putih cooperatives.