Health investments drive ASEAN economic growth

id health minister,health investment,ASEAN

Health investments drive ASEAN economic growth

File - Indonesian Minister of Health Budi Gunadi Sadikin speaks during a panel discussion at the 2023 ASEAN Business & Investment Summit in Jakarta on September 3, 2023. (ANTARA FOTO/Media Center KTT ASEAN 2023/Galih Pradipta/aww)

Jakarta (ANTARA) - Indonesian Health Minister Budi Gunadi Sadikin has emphasized that investments in the health sector play a pivotal role in driving economic development in the ASEAN region. "There are two essential aspects of health investment that have the potential to shape the future, not only for Indonesia but also the ASEAN region," he said in a statement released on Tuesday.

The first aspect underscores the importance of investing in community health to tap into Indonesia's demographic dividend, he added. He pointed out that substantial investment in the health sector can increase productivity and push gross domestic product (GDP) growth to its peak. "In the long term, this will trigger a positive domino effect, leading to increased income for investors and the industry," he noted.

He highlighted that failure to take advantage of the demographic dividend will keep Indonesia a middle-income country. He emphasized that the community's awareness to invest in their own health and the health of their families and society will have a significant impact on the nation's economy.

The second aspect involves emphasizing investment in the health sector and identifying it as a potential turning point for scientific innovation for the development of human civilization, the minister said. "Indonesia is an attractive investment destination by referring to the continued population growth that promises great opportunities in the health sector," he added.

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He explained that the growth is related to the increase in health spending to create a conducive environment for investors. He also expressed Indonesia's strong commitment to promoting public health and investing in the health sector as a driving force of national and global economic growth.