What are my chances of getting admission in MIT or Harvard?

Harvard Business School is definitely better and considered superior globally for its Ivy League status and US Networking. Although LBS generally does better in terms of graduate employability. 

Look at the comparison given below - 

• It is easier for Indian students to get into LBS due to its

No, the University of Melbourne is better than Harvard University when it comes to rankings, as Harvard generally ranks among the top 5 in the world but the U of Mel ranks 19th globally. Look at the pointers given below - 

• Indian students should go to Harvard University if they prefer the Ivy Le

There can not be an absolute answer to this question, as both of these institutions cater to different career goals and aspirations. ICL is superior for its STEM and Business courses and Harvard has an unmatched expertise for Law and Medicine. 

Both of these universities are top tier institution

In pure numbers, the Harvard University admissions are way more competitive than the University of Cambridge. 

At Harvard, the acceptance rate remains around 3% to 4% every year because of a large pool of highly qualified candidates. On the contrary, the Cambridge acceptance rate stands around 2

Yes, MBBS in Harvard is a dual degree programme which leads to an MD. So MBBS is technically MD at Harvard.