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Simple Summary: Sericulture is a labor-intensive agro-industry business that can increase the community's welfare and support environmental improvement. In Indonesia, silk, as the final product of sericulture, is a potential non-timber forest product (NTFP) that provides benefits to livelihoods and the forest ecosystem. Silk is a fiber produced by the domestic silkworm or mulberry silk moth, Bombyx mori L., belonging to the Lepidopteran order, Bombycidae family, probably providing more than 99% of the world's silk. However, there are many challenges to its development at both upstream and downstream levels, including the availability of quality eggs, optimal and efficient cultivation, pest and disease control, a lack of policy support, unsustainable production, low product quality, and competition with imported products. This paper discusses the recent status and future directions of sericulture development in Indonesia. Improvements in technical and social-economic aspects can support the development of sericulture in Indonesia through increasing productivity in the upstream sector along with conducive downstream policies and governance. The domestic silkworm or mulberry silk moth, B. mori L., provides more than 99% of the world's silk. Silk, as a sericulture product, was first introduced in Indonesia through a trade mechanism and began to develop in 1953. Several factors (economic, ecological, market, and cultural) support sericulture and make it become one of the non-timber forest product priorities. However, the competitive advantages alone have not encouraged the development of prospective sericulture industry in Indonesia yet. This paper is a review of tropical sericulture development in Indonesia. The literature on the development of sericulture in Indonesia between 1989 and 2022 is used to describe conditions related to mulberry cultivation (moriculture), and silkworm rearing (sericulture), as well as the state of socio-economic development, culture, and institutions. Moriculture and sericulture techniques, socio-economic aspects, institutional arrangements, and community motivations are intertwined, creating a challenging atmosphere for sericulture development. There are potential resources, such as exploring quality mulberry production and quality silkworm production through research and development, valuable cultural aspects, and potential stakeholders to build network engagement. Commitment, cooperation, and action from all stakeholders are needed to enhance the development of sericulture in Indonesia. In this context, the central government can play an important role in facilitating multi-stakeholder partnerships in the development of integrated sericulture in Indonesia. [ABSTRACT FROM AUTHOR]