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Opinion

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.

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