Where to Invest in Indonesia in 2025: 7 High-Growth Themes

Top Sectors, Stocks, and Trends Driving Southeast Asia’s Rebound

Good Afternoon,

It’s been a big project, but it’s come to fruition. This is a report on what in our view is a good way of getting exposure to the best parts of the Indonesian market. As with any worthwhile project its over time, faced scope creep, exhausted everyone involved, but everyone is happy it came together in the end.

Please familiarise yourself with the Indonesian Macro report that we released last week, in this report we draw heavily on it. This report is paywalled, so do please join up to read it, we’d love to have you.

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Let’s dive in.

In our recent macro report, we explored why Indonesia is emerging as a compelling alternative for investors seeking exposure to pro-growth, government-led development strategies—without the uncertainties surrounding China. For those drawn to the appeal of aggressive fiscal stimulus, infrastructure investment, and structural reform—but wary of China’s regulatory unpredictability, geopolitical tensions, and long-term demographic headwinds—Indonesia offers a more stable and transparent path.

Under President Prabowo Subianto, Indonesia is pursuing an ambitious agenda: targeting 8% GDP growth through an additional Rp300 trillion in fiscal spending, infrastructure expansion, and business-friendly reforms. Crucially, this is unfolding within a democratic framework that supports greater policy visibility and institutional resilience.

The macro parallels to China are clear: both economies boast large domestic markets, state-led investment strategies, and strong national development goals. But Indonesia delivers these growth drivers with less regulatory volatility, fewer geopolitical complications, and stronger demographic fundamentals.

Now, we present 7 actionable equity ideas to help investors capitalize on this transformation.

As a follow-up to our macro analysis, we now turn to the equity opportunities emerging from Indonesia’s policy-driven recovery.

For investors seeking exposure to pro-growth emerging market strategies with reduced uncertainty, Indonesia offers a timely and compelling case. The combination of ambitious fiscal expansion, supportive monetary policy, and attractive valuations—following recent market corrections—has created an investment environment that captures the upside of government-led growth while avoiding many of the structural and geopolitical complications present in other markets.