Coordinating Minister Airlangga Encourages Indonesia's Economic Growth Through The Retail Sector

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

JAKARTA - Coordinating Minister for Economic Affairs Airlangga Hartarto encourages national economic growth by increasing revenue in the retail sector.

Airlangga said household consumption had contributed up to 54 percent of the national economy in the second quarter of this year. Therefore, the Government supports the program of retail entrepreneurs for domestic spending.

"The growth of the national economy must be higher than 5 percent, one of which can be boosted is a large cake, namely household consumption with a contribution of 54 percent," said Airlangga in Jakarta, quoted from Antara, Wednesday, August 28.

By supporting domestic shopping programs, said Airlangga, at least the community has contributed to boosting purchases.

According to Airlangga, all products from abroad can be obtained in Indonesia, so people no longer need to shop in other countries.

"The government only supports shopping programs in Indonesia, if we can get half of it, Indonesian people who go abroad will shop, then it will boost purchases," he said.

Previously, Airlangga said the number of retailers in a country could be one indicator of national economic growth.

Airlangga said, based on a report from the World Bank, the growth of the consumption or retail sector in Indonesia has continued to grow since 2022. Malls in Indonesia are included in the ranks of the best and modern shopping centers, especially in the Jakarta area.

"How many Alfamarat, Indomaret, Ace Hardware, are national economic indicators. How many outlets are iBox, it is also an indicator of our retail purchasing power," said Airlangga.

Airlangga said that the retail sector in Jakarta is strong because its per capita income has passed the middle income trap.

The average income in Jakarta, said Airlangga, has reached US$20,000 or Rp. 300 million per year. This prompted the establishment of a number of shopping centers.