For the record, I don't think India are the worst team in the world by any measure. WI and NZ are definitely significantly worse ATM. As for Pakistan, England, SL and SA, it's sort of level.
I think India are the biggest underachievers in the world, though. They generally put in spineless performances, for as long as I remember, and for the amount of talent the country has, it always punches far below its weight. But it's similar to India's performance with the Olympics, and pretty much in every sporting field - I guess there isn't much that can be done about it (and all kinds of 3rd world countries do better, so lack of infrastructure and facilities is no excuse). If a college student goes to secondary school, should we all be happy that he's scoring straight As? That's the complacency of India and its fans that bothers me.
Years later, are people gonna remember who put in the first innings lead, or who actually won the game? I respect NZ because they usually play as well as they possibly could, given the population and the background of the country. For India, it's one disappointment after another. The only victory I consider as a reversal of India's abysmal performance history is the series win in England. I don't consider the Pak series because it's at home against a crap attack (where even Yuvraj made a hundred) and the WI series because everyone wins in WI.