Indonesia has the basic ingredients for success, among which are :-
1) The fourth largest population in the world at 226 million – which also means a big domestic consumer base
2)Huge natural resources – Indonesia is the largest producer of palm oil in the world and is a major producer of crude oil, natural gas, iron ore, tin, lead, gold, etc.; and
3)Young urban population – 50% of Indonesians live in urban areas (a rate higher than in China or India) and more than 52% of the population is aged 20-54. Dynamic young urban population’s productivity growth would be at a faster pace with the right economic environment.
The key catalysts for Indonesia to emerge as an economic star in the global economy
1)Leadership in Jakarta continues to provide political stability and sound economic policies
2)Infrastructure development: Indonesia has a pressing need for great infrastructure like many developing nations
3)Banking system reform continues to provide the lifeblood for the economy to grow
4)Confidence of Indonesians in their economy and stock markets
Indonesia is moving in the right direction to be a formidable global economic powerhouse.
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