Double-digit growth forecast for Indonesia’s halal cosmetics, pharmaceuticals, food and modest fashion
Indonesia is throwing its weight behind the Islamic economy. The strong support of the government and institutions like Bank Indonesia, the central bank, are helping to lay the foundations, and to carve out a vibrant ecosystem.
As the Indonesia Halal Market Report 2021/2022, a joint report by Bank Indonesia, the Indonesia Halal Lifestyle Centre and DinarStandard, notes, “the development of the halal industry in Indonesia is very important to support inclusive and sustainable economic growth.”
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