ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Indonesia's plan for G-7 status is not bold enough

President Joko Widodo needs to invest in education as well as bridges

| Indonesia
President Joko Widodo, delivering his 2017 state budget, now faces greater challenges to turn Indonesia into a top-seven economy   © Reuters

McKinsey has tipped Indonesia to reach Group of Seven status, having one of the world's largest economies, by 2030. With his new budget, the first since winning a second term in May, President Joko Widodo offered his boldest vision for getting there.

In his first five years running Southeast Asia's biggest economy, with its gross domestic product of $1 trillion in 2018, Widodo, known as "Jokowi," scored some vital reform wins. He accelerated efforts to upgrade ports, bridges, roads and power grids. He also implemented a tax amnesty, prodding tycoons to repatriate funds to invest at home.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more