The government will make the most of the G20 Presidency to showcase Indonesia’s leadership in guiding recovery from the pandemic’s impacts through technological utilization, Communication and Informatics Minister Johnny G. Plate stated.
“For the Indonesia G20 Presidency, the government has determined three national priorities,” he noted during the “Indonesia Capital Market Investors Gathering: Investing and Trading Summit” webinar on Friday.
Through a press statement, Plate noted that these three priorities comprised a more inclusive global health architecture, digital transformation, specifically digital economy, and energy transition-related agenda.
Amid the global dynamics, such as the limitation of the world’s fiscal space, climate change, and geopolitics, Plate is optimistic that the condition in Indonesia would be relatively different.
In Indonesia, the countercyclical policy through fiscal stimulus to support transformation at the start of the COVID-19 pandemic had yielded good results, and this becomes a topic of discussion at the 2022 G20 forum.
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The government has sought to increase investment in the productive sector and develop the digital economy, the minister stated.
“To this end, we prepare the Digital Economy Working Group (DEWG) priority in three sectors of connectivity and post-COVID-19 recovery, digital literacy and competency, and cross-border data flow and free-flow with trust,” he remarked.
Plate deemed that the digital economy sector held vast potential.
In 2021, the valuation of Indonesia’s digital economy transactions, based on the gross merchandise value (GMV), was worth US$70 billion, a 49-percent increase from the valuation in 2020.
In 2025, the size prognosis from Indonesia’s digital economy was estimated to be US$146 billion, or a compound annual growth rate of 20 percent as compared to that in 2021.
Meanwhile, in 2030, Indonesia’s digital economy prognosis is estimated to rise by two folds as compared to the forecast of US$316 billion in 2025.
Source: Antara News