"Especially, the new normal lifestyle related to a healthy lifestyle and the widespread use of digital technology," she noted during the 'Fitch on Indonesia 2022' webinar in Jakarta on Wednesday.
The new normal lifestyle has led to healthcare and pharmaceutical industries and the digital economy becoming new sources of growth for the country, she noted.
In addition to the new normal lifestyle, changes in the world trade map and new investment have become the newest sources of growth after the pandemic, the minister said.
This is due to the diversification of global supply chains and the initiation of regional supply chains, which have made the machinery industry, electronics industry, communication tools industry, as well as chemical and mineral downstreaming new growth sectors of the economy.
"Indonesia is very aware of this trend and will continue to re-calibrate its policies. We hope we can place the domestic economy in the right position and will be able to take advantage for our own country in the form of resources and potential," Indrawati said.
The green economy has become a new source of growth for countries, she noted. The green economy requires a zero-emission policy and green investment, which is expected to bring focus on the economic value of carbon and renewable energy technology in the coming years.
Indonesia is currently in discussions with many partners regarding commitments to build a green economy, especially in contributions that are determined nationally.
Indrawati said that all these new sources of growth must be tapped through a structural reform agenda to accelerate priority programs and various reform agendas in Indonesia.
“So, all of this does not only require usual policies but also reformation both in the real sector, cross-sectoral, and our own fiscal policies," she added.
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Translator: Agatha Olivia V, Resinta S
Editor: Sri Haryati
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