Indonesia's elected president Joko Widodo will be prioritizing the country's financial growth when he takes the presidential seat in October, Bloomberg reported.

The former Indonesian governor, 53, won the presidential election on July 9 with 53.15 percent more votes than his opponent, former army general Prabowo Subianto.

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In one of Widodo's interview, he said his regime will focus more in investing in human capital and will address infrastructure and manufacturing shortcomings.

He added that he would make it his goal to make Indonesia's economy grow at a rate that the country has not experienced in over three decades since Asia's financial crisis in the 1990s. He is confident that the country will be able to achieve the goal within a span of two years.

Indonesia have had an average of 7 percent economic growth prior to the financial crisis in the 1990's but has since been growing at an average rate of 5 percent.

Widodo said the government will have to be realistic with the financial growth they are expecting. He stated that he would be confident once the growth rate bounces back to 7 percent so that Indonesia can play a role in the international forums and the ASEAN economic community.

Since Widodo's win, Indonesian stocks have advanced, and Indonesian currency rupiah has increased 1 percent, reaching its highest rate since July 7 to 11,488 per U.S. dollar.

Morgan Stanley analysts Hozefa Topiwalla and Aarti Shah said Widodo's victory is not a conclusive basis that the economy's growth pace will pick up.

"I'm confident, but it must be done gradually," Widodo said. "The government must build the safety net to the people so the subsidies from the fuel we focus to the poor, to the infrastructure but for the poor, for the farmers, for the fishermen, for the workers."

Tagspresident, asian, Indonesia, growth, asian economy, finance, ministry, political, country's growth