Dampak Ekonomi Perang India-Pakistan Bagi Indonesia

CNN Indonesia
9 May 202509:17

Summary

TLDRThe discussion focuses on the potential impact of the India-Pakistan conflict on Indonesia's economy, particularly its exports of CPO (Crude Palm Oil) and coal. Geopolitical risks, including disruptions in trade routes and energy markets, could lead to economic challenges, with a possible widening of Indonesia's current account deficit. The conversation also highlights Indonesia's dependence on South Asia for trade and the difficulties in diversifying export markets. Experts warn of financial instability and advise the Indonesian government to prepare for rising risks in currency exchange and capital flows while navigating the complex geopolitical landscape.

Takeaways

  • đŸ˜€ The ongoing conflict between India and Pakistan poses a significant global concern, impacting economies including Indonesia.
  • đŸ˜€ The conflict affects global trade, particularly through crucial energy transport routes in the Arabian Sea and western Indian subcontinent.
  • đŸ˜€ The price of oil, such as West Texas Intermediate, has started rising due to the conflict, but still remains below Indonesia's 2025 fiscal projection, providing some economic stability for now.
  • đŸ˜€ If the conflict escalates, Indonesia may face increased fiscal pressure and a higher current account deficit, potentially reaching up to 2% of GDP.
  • đŸ˜€ Indonesia's exports to India and Pakistan, especially palm oil (CPO) and coal, could be severely impacted by the conflict, leading to trade disruptions in South Asia.
  • đŸ˜€ The conflict might complicate Indonesia’s efforts to diversify export markets, especially since major nontraditional partners like Africa and Latin America are also affected by disrupted trade routes.
  • đŸ˜€ The situation is a complex geopolitical issue, with global powers like the US, Russia, China, and Europe influencing the conflict's potential escalation or de-escalation.
  • đŸ˜€ India’s strategic relationships with the US, Europe, and Russia contrast with Pakistan’s ties to China, adding further complexity to the global political landscape surrounding the conflict.
  • đŸ˜€ If the situation worsens, Indonesia could see a rise in 'premium risk' in emerging markets, leading to potential capital outflows and market volatility in Southeast Asia.
  • đŸ˜€ The conflict could potentially affect Indonesia’s currency exchange rates, and the financial market, with implications for the stock market, bond yields, and overall investor confidence.

Q & A

  • How might the conflict between India and Pakistan impact Indonesia's exports?

    -The conflict could significantly disrupt Indonesia's exports, particularly crude palm oil (CPO) and coal, as both India and Pakistan are important trade partners for these commodities. The geopolitical tension could hinder trade flows through the region's strategic logistics routes, which are vital for energy transport.

  • What role do energy transport routes play in this conflict's economic impact?

    -Energy transport routes, especially around India’s western coast and the Arabian Sea, are crucial for global energy trade. Any disruption in these routes due to conflict would likely lead to increased oil prices, which could further affect Indonesia's economic stability, especially with its fiscal dependence on global oil price projections.

  • How do oil price fluctuations relate to Indonesia's economy in this scenario?

    -Oil price fluctuations directly impact Indonesia's economy as the government has budgeted assuming oil prices at around $83 per barrel. If the conflict leads to a rise in oil prices, it could strain Indonesia’s fiscal policy, possibly increasing the current account deficit and leading to higher economic risks.

  • What is the potential effect of the conflict on Indonesia’s current account deficit?

    -The conflict could widen Indonesia's current account deficit. If trade disruptions occur, particularly in crucial export sectors like CPO, the deficit could increase from an expected 1.4% to possibly 2% of GDP, which would exacerbate Indonesia’s economic challenges.

  • Why is India such an important trade partner for Indonesia?

    -India is a major trade partner for Indonesia due to its large demand for Indonesian exports, especially crude palm oil (CPO). Disruptions in the trade relationship with India could significantly impact Indonesia’s export revenues and trade balance.

  • How could Indonesia diversify its export markets to mitigate the risks of this conflict?

    -Diversifying export markets is challenging for Indonesia, as alternative routes through Africa and Latin America involve higher logistics costs. The disruption of key trade routes passing through India’s southern region makes diversification efforts difficult in the short term.

  • What broader geopolitical implications does the conflict have for global trade?

    -The conflict is part of a larger geopolitical struggle involving major global powers. India’s alignment with the US and Europe, alongside Pakistan’s relationship with China, complicates global trade dynamics. This tension could lead to shifts in trade relationships and impact global energy supply chains.

  • What is the role of global powers like the US, China, and Russia in this conflict?

    -Global powers such as the US, China, and Russia play significant roles in the context of the India-Pakistan conflict. The US and Europe are aligned with India, while China supports Pakistan. This complex web of alliances influences both economic outcomes and the potential for de-escalation of the conflict.

  • How could Indonesia's financial markets be impacted by the India-Pakistan conflict?

    -Indonesia’s financial markets could face increased risks, including higher risk premiums and capital outflows from emerging markets. The conflict could also impact Indonesia’s currency, stock market, and bond yields as investors react to the growing geopolitical instability.

  • What are the long-term risks if the conflict between India and Pakistan escalates?

    -If the conflict escalates, Indonesia could face not only trade disruptions but also higher global oil prices, increased economic volatility, and potential capital outflows. The worst-case scenario could involve broader regional instability, possibly affecting global markets and leading to a larger-scale conflict.

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Related Tags
India-Pakistan ConflictIndonesia EconomyTrade DisruptionsCPO ExportsCoal ExportsGeopolitical RisksFiscal StabilitySouth Asia TradeEnergy TransportMarket DiversificationGlobal Economics