“If our economy grows by 5 percent, the service sector can grow by 12 to 13 percent. The required capital is also significantly lower, making this a major opportunity we must seize,” Kadin Coordinating Vice Chairman for Foreign Affairs James Riady said here on Friday.
He emphasized that despite earlier concerns about a global slowdown, the current geo-economic landscape offers greater optimism than previously predicted.
According to him, many had anticipated a global economic downturn, but the reality shows stability.
“In fact, global GDP growth forecasts have been revised upward twice, most recently from 2.8 percent to 3 percent, driven by the service sector and digital services,” he explained.
He highlighted digital services as one of the growing service sub-sectors and urged domestic companies to accelerate investment in artificial intelligence (AI).
“If we do not move quickly in that direction, we will be left behind,” he added.
Meanwhile, the government is preparing to establish productivity centers within industrial zones, supported by universities and educational institutions, to enhance productivity across sectors, including services.
Previously, President Prabowo Subianto stated that Indonesia’s economy continues to perform strongly, growing above 5 percent despite global trade wars and geopolitical tensions.
“In the midst of global political and economic conflicts, Indonesia’s economy has managed to grow 5.12 percent, and experts believe this momentum will continue,” President Prabowo said during the 2025 Annual Session of the MPR and Joint Session of the DPR-DPD on Friday (August 15).
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Translator: Ahmad, Kenzu
Editor: Primayanti
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