Optimistic That The Indonesian Digital Economy Will Reach 600 Billion US Dollars In 2030, Airlangga Reveals Several Conditions

Coordinating Minister for Economic Affairs (Menko) Airlangga Hartarto. (Photo: Doc. ANTARA)

JAKARTA - Coordinating Minister for Economic Affairs Airlangga Hartarto is optimistic that Indonesia's digital economy can reach US$600 billion or Rp9,733 trillion by 2030.

As for the regional level, Indonesia has reached an agreement to develop the ASEAN Digital Economy Framework Agreement (DEFA) to advance digitalization and interoperability.

"With this program, it is hoped that the ASEAN economy, which is business as usual, is 1 trillion US dollars, will increase to 2 trillion US dollars. So Indonesia's digital economy in 2030, which is estimated at 360 billion US dollars, will increase to 600 billion US dollars," said Airlangga during the Opening Ceremony. Economic and Digital Finance (FEKDI) X Karya Kreatif Indonesia (KKI) 2024, Thursday, August 1.

Airlangga said that to achieve this target, there are several conditions that need to be prepared, namely cross-border e-commerce and digital trade, digital ID, the mobility of digital talent, e-payment that has been carried out by BI, e-invoicing, and a safe cyber. become a local currency statement that has become an example for various other countries.

According to Airlangga, Indonesia's digital economic and financial ecosystem has made rapid progress and is able to become the locomotive of national economic growth.

Airlangga said this was reflected in several achievements in Indonesia at the global level, such as the 11th increase in World Digital Competitiveness Ranking from 56th place in 2019 to 45th place in 2023.

"The 6th rating for start-ups globally, has the most innovative start-ups or 1st place in ASEAN, and has 15 unicorns and 2 decacorns that are already worldwide," he explained.

According to Airlangga, solid support and foundation are needed to ensure that the pace of the digital economy's locomotive remains stable and provides maximum benefits such as equitable digital infrastructure, superior and adaptive digital talent, full support for start-ups and MSMEs, as well as adaptive and protective regulations.

"The strengthening of the foundation must also be followed by an increase in financial inclusion in order to support the achievement of the financial inclusion target," he explained.