Speaking at the Next Billion Ecosystem (Nex-BE) Festival in Jakarta on Thursday, Komdigi Deputy Minister Nezar Patria observed that digital transformation offers Indonesia a promise of a significant boost to its national economy.
"It is clear that digital transformation acts as an enabler, the main catalyst. Thus, we need to be able to fully capitalize (on) the digital economy sector," he pointed out.
Patria highlighted that Indonesia has set an ambitious target of shooting up its gross domestic product per capita to US$15,700 by 2038, paving the way to becoming a high-income country by 2045.
In this regard, he emphasized the need for Indonesia to formulate and implement policies and regulations supporting its digital transformation and growth of its digital economy, especially for the next five years.
The deputy minister noted that the gross merchandise value of Indonesia's digital economy is projected at US$90 billion in 2024 and is expected to hit US$360 billion by 2030.
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He added that transactions made on e-commerce platforms have been making notable contributions to the digital economy, with a projected value of US$65 billion this year.
The deputy minister then drew attention to startup companies, considering them as one of the keys for Indonesia to further boost its digital economy.
He noted that the Komdigi Ministry has taken various initiatives to support Indonesian startups, including by promoting the 1,000 Digital Startups National Movement through Sekolah Beta and Startup Studio Indonesia programs.
He then stressed that successful digital transformation in Indonesia requires synergy among the government, private sector, academicians, and state-owned enterprises.
"Solid collaboration can lead Indonesia to emerge as a prominent player in the global digital economy by 2038 and achieve its Golden Indonesia vision by 2045," he concluded.
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Translator: Adimas R, Tegar Nurfitra
Editor: Yuni Arisandy Sinaga
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