Mumbai: A report by Yasheng Huang, associate professor at the Sloan School of Management at the Massachusetts Institute of Technology, (MIT) and Tarun Khanna, professor at Harvard Business School, predicts that India will overtake China in economic growth in the long run. This will be due to India's domestic businesses, stronger infrastructure support to private enterprise and companies that can compete internationally with global firms.

The report says that the issue is not where the countries are at present but where they will be in the future. India's 'superior' utilisation of its resources would contribute to its economic performance.

According to the report, China's prosperity was a result of its large foreign direct investments while India's prosperity and growth same mainly from its domestic businesses that gave it an advantage over China.