Deepak Bagla: India Will Be a Partner to Croatia in the Global Market

Digitalization, sustainability, green transition, and strong human resources are just some of the factors pushing the economy forward. This was confirmed by the speech of the director of the Invest India agency Deepak Bagla at the Lider conference Day of Big Plans.

Speaking about changes and global trends, Bagla showcased photographs of Indian infrastructure taken just nine years ago and photographs of the same locations only five years later. The differences are quite visible, and the fact that India has the first ‘green industrial revolution’ is evidenced by one of India’s largest airports, which is 100 percent sustainable and uses exclusively solar energy. Change and progress are key words in the speech of the director of Invest India. 

Bagla provided an overview of the economy, population, and politics as three key drivers of the state. It is estimated that soon more than 21 percent of the world’s workforce will come from this country, which, as Bagla confirmed, contains all possible religions in the world and has a total of 21 official languages. For this reason, he described India as a country ‘of freedom and democracy’, and confirmed that they have 912 million registered voters.

– India has the most open and one of the fastest-growing economies in the world – said Bagla, adding that they have more than 78,000 startups and 106 unicorns, and he noted that startups can reach unicorn status within just six months of launching. The total value of these is around 340 billion dollars. 

Lider’s 14th conference Day of Big Plans thus confirmed cooperation between Croatia and India, especially with startups. The digital platform India-Croatia Startup Bridge will enable growth in the Croatian economy, and changes should be felt in the areas of pharmaceuticals, tourism, renewable energy, and certainly efforts will be made to improve and sustain infrastructure. 

According to Bagla, India Invest will strive to help Croatian companies access the market more easily and to position themselves globally and achieve digital and green transitions, ensuring that the startup scene, which is indeed strong in Croatia, becomes even stronger and more advanced.