INDONESIA

India - Indonesia Economic and Commercial Relations

Indonesia’s market of 220 million is the largest among India’s ASEAN partners. The Indonesian economy has stabilized after its 1997-98 crisis, its strengths resting on the country’s enormous natural resources (oil and gas, coal, copper, gold, forestry and plantation products) and manufacturing for the domestic and export markets (textiles, footwear, electronics, automotive, pulp and paper). While stable in macro-economic terms, the Indonesian economy is marked by low investment growth, slowing exports and high unemployment, making it largely consumption driven