REPUBLIKA.CO.ID, JAKARTA - Indonesia and India are two incomparable cases, according to an official at Indonesian central bank. Earlier, a global financial firm, Morgan Stanley said that Indonesia were among five vulnerable countries in economic sector after India, Turkey, South Africa and Brazil. 

"Indian problems are associated to structural, high inflation and they fails to lift fuel price. While Indonesia is a different story," Executive Director of Economic and Monetary Policy Department at BI, Doddy Budi Waluyo said on Sunday.

Waluyo said that Indian problems more were complicated compared to Indonesia's. According to Morgan Stanley, problemsin those five countries including Indonesia are current account deficit, high inflation and high interest rates. 

In fact, current account deficit of India reaches six percent, while Indonesia continues to decrease from 3.8 percent of gross domestic product (GDP). In terms of inflation, Waluyo saw that there was a downward trend under eight percent by the end of the year, while India was still struggling with high inflation.

Waluyo is optimistic that Indonesia is part of those five countries mentioned by Morgan Stanley. He said Indonesia's fundamental economy was still good and strong and the trend continued to improve. 

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