Economic Strategy Institute (ESI) President Clyde Prestowitz said that investing in China is only good for the short term and the long-term payoffs will come from investing in India. While the Chinese economy is twice the size of India's and is growing faster than India, its lack of rule of law and due process that is allowing it to grow fast will weigh it down in the long run. The so-called disadvantages of India such as a lumbering democracy lack of central planning, and unbridled population growth will actually help the country in the future. Unlike China, India has a well-developed banking and financial institutions and has long history and experience of lending based on independent market analysis and data.