‘Don’t fund the next food delivery company’: Sabeer Bhatia says India lacks real innovation

While India takes the connection of chips and shampoo in less than 10 minutes, Saaber Bhatia poses the only question that dares: What is the point? The co -founder of the Hotmail, who speaks in Bangaluru, passed directly to the country’s rapid trade in the country and the investors who fed it. “It does not finance the following food delivery company,” and quoted him as saying at New Indian Express, and called for the lack of real innovation behind the race for immediate gratification.

“They are all copying only,” I told Hatia the paper. “They may change a small structure within five minutes, 10 minutes, faster, or a motorcycle, but this is not an innovation. These structural changes. Real innovation is to think about a new idea to do something that has not been done before, outside the birth.”

Bhatia was in Bangaluru on Wednesday for the launch of the Youchids of the School International School. He pointed out that processing the start -up obsession with speed, “focus a lot on the wrong scale. Will your life change if you get some biscuits in 10 minutes, it is not a big problem,” adding that both startups and investors must chase originality, not comfort.

He also talked about the role of education in promoting real innovation. “Deep technology revolves around questioning things and knowing different ways to do things, and this comes from education. So, our educational system must be reformed if we need deep technology. You can only say, comrades do not do deep technology. You do not wake up and say,” I will do deep technology. “

Batya did not stop at startups – in podcasts called the India method for calculating the gross domestic product “fake”, on the pretext that it inflated economic activity without the opposite of real work. He said: “Our gross domestic product is wrong. I just – you just need two seconds to look at how to calculate the gross domestic product.”

He added: “In India, if I give you $ 1,000, the tax and services tax tax will be imposed on goods and services tax on that, and you did not return me $ 1,000, 18 % is calculated as $ 2000 of GDP. No work has done. I did not do any work.

This varied with the United States, where he said that GDP reflects labor and production. “Everyone has an average per hour. Everyone discovers the number of hours of voltage you made and informs that to the government and pays a certain amount of taxes, and determines your gross domestic product.”

Which indicates a more honest and air -conditioned system for Amnesty International, Batia said: “Put everyone on a contract. The contract is what?

He also reported the ineffective culture culture in India, as Prestige excels the productivity. He said: “People focus on the situation, power and signs,” noting that most of the engineers end up in the administration. “99 % of the engineering graduates join the administration and start giving Gyaan to everyone. Where are the work ethics where they really work with their hands and really go and build some things?”