90% of ideas coming out of India are copycat: Hotmail Co-founder

Hotmail Co-founder Sabeer Bhatia said 90% business ideas coming out of India are "copycat ideas". India is unprepared for next wave of creative economy and needs to upgrade its education system to create the next set of jobs, he said. "Even if we're successful in attracting world's manufacturing in India, we'll only have around one lakh new jobs," he added.