Indonesia and India Poised to Drive Global Economic Growth in Potential "Trump 2.0" Era

JAKARTA, investortrust.id - Indonesia and India are believed to be the countries that will support global economic growth from Asia during the era of a second term of a Donald Trump presidency in the United States, often referred to as the "Trump 2.0" era. This belief was discussed at the World Economic Forum's (WEF) annual meeting in Davos-Klosters, Switzerland.

"When I was in Davos, the two letters 'I' were being discussed, namely India and Indonesia," said Chairman of the Indonesian Chamber of Commerce and Industry (Kadin) Anindya Bakrie at the Mayapada Group Executive Gathering 2025 in Jakarta, Tuesday, Feb 4, 2025. "These two countries are the countries that support growth in 2025 and maybe in the next few years."

He reminded that there are a number of uncertainties in the Trump 2.0 era. However, to a certain extent, some of Trump's decisions are their government's strategy to create the best conditions for the superpower. One of the uncertainties that developing countries will experience is exchange rate volatility, along with the strengthening of the US dollar.

The confidence of global business players in the economic growth of Indonesia and India was evident during a discussion held by a top consulting firm with the Managing Director of the WEF. "So, 25 top CEOs," Bakrie continued, who is commonly called Anin. "The starting point was the US business people, then European business people. Then India and Indonesia. The two countries that start with the letter I said, hey, next year, turn things around."

Optimism Amidst Uncertainty

The discussion brought a sense of confidence that Indonesia still has many opportunities to grow amid global uncertainty. According to Anin, this confidence did not appear out of nowhere. Looking at Indonesia's experience that has gone through a number of economic crises, the businessman from the Bakrie Group feels increasingly optimistic about Indonesia's economic growth opportunities.

"We are always cautiously optimistic because we always remember those things," he said. "That's why I think many of our fiscal and monetary policies are very careful because of the deja vu we experienced."

The basis for confidence in economic growth in Indonesia and India is supported by Indonesia's economic growth target of 8% and India's population of 1.4 billion people, respectively. "I am amazed that in India, they are able to grow the investment space from the public to close to $1 trillion," Anin added.

In the next five years, he believes that Indonesia also has a lot to learn from India. "(In Davos) they were talking about reshaping growth, again, India and Indonesia, wealth creation will happen in these two countries," he further emphasized. Wealth creation is believed to simultaneously bring prosperity to society on a large scale. It is important to improve the welfare of society, considering that the two countries that have the potential to grow rapidly adhere to a democratic system of government.