Yes, and they are an inferior team to India. What's your point?NZ cricket has a pittance compared to Indian cricket (and probably has had for a while) and has a domineering competitor in the form of Rugby.
They have been one of the weaker teams in the history of cricket and are having a peak now as they have in the past and then they will go down and they will come up etc etc. Teams do that (Belgium in football for example being no 1).
All three of NZ, Eng, Aus are first world countries who will keep having good and bad periods as they have throughout history.
My argument is that India will pull away completely and will never have a bad period but just one huge great period.