Economic Situation of Indonesia- A Synoptic View

Abstract : Journal of Development Economics and Management Research Studies (JDMS), A Peer Reviewed Open Access International Journal, ISSN 2582 5119 (Online), 08(09), 96-102, July-September, 2021. 96 Article Economic Situation of Indonesia- A Synoptic View Journal of Development Economics and Management Research Studies (JDMS), A Peer Reviewed Open Access International Journal ISSN: 2582 5119 (Online) Crossref Prefix No: 10.53422 08(09), 96-102, July-September, 2021 @Center for Development Economic Studies (CDES) Reprints and permissions http://www.cdes.org.in/ http://www.cdes.org.in/journal/ Economic Situation of Indonesia- A Synoptic View Deobojyoti Kumar1 Abstract Indonesia is a mixed economy where there is the participation of public and private sector play an important role in transforming the economy. As per the statistics of 2019, emerging economies like Indonesia puts their place in the 16th position in terms of the economy. Over time passes the structure of the economy has changed considerably. But the traditional methodology of the practicing act in agriculture reflected the stage of the economic development and the Government policies since 1950. A gradual process of the industrialization phase can be seen in the late 1950s which make the Indonesian economy to another height. Indonesia has endowed with natural resources like oil and natural gas, coal, tin, copper, gold, nickel etc. While on the other hand agriculture producers must concentrate on rice, palm, oil, tea, coffee, medicinal plant, species, and rubber.