Minister Nazara outlines six priority sectors to boost the economy

Jakarta (ANTARA) - The Indonesian government has identified six priority sectors to drive economic growth, namely digital infrastructure, natural resource downstreaming, high-value-added manufacturing, strategic upstream industries, food security, and renewable energy.
Finance Minister Suahasil Nazara said these sectors were identified based on their strong domestic demand potential and projected growth in line with public needs.
"All six of these sectors are essential to the Indonesian people. This means demand for them will remain strong, as they continue to meet the country's domestic needs," he conveyed at the ANTARA Business Forum (ABF) in Jakarta on Wednesday.
According to him, demand for digital infrastructure, downstream products from natural resources, new energy sources, and food and energy security will continue to grow, prompting the government to designate these areas as priority sectors for driving economic growth.
However, Nazara emphasized that developing these priority sectors requires support from several key factors, particularly improvements in human resource quality and productivity.
The government also needs to improve basic infrastructure and connectivity, strengthen institutions, and provide regulatory certainty for businesses and investors.
Macroeconomic stability, access to financing, a competitive financial sector, and political and security stability are also considered crucial elements in supporting the development of these sectors, the minister added.
Nazara then compared Indonesia's growth aspirations with South Korea's experience prior to becoming a developed nation.
He noted that during that period, South Korea achieved manufacturing and investment growth rates exceeding 10 percent, while its Gross Domestic Product (GDP) grew by more than eight percent.
The minister said the experience reflects the growth trajectory Indonesia seeks to achieve by optimizing its resources and developing the six priority sectors.
"This is our aspiration. We must work toward reaching that level by utilizing our resources in these sectors and strengthening supporting factors such as human capital and productivity," he concluded.
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Translator: Imamatul Silfia, Resinta Sulistiyandari
Editor: Azis Kurmala
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