bring him back and give him captaincy... atleast bring him back in the 15. (whether to play him or not can be decided on a match to match basis). he can give valuable strategic inputs to the team. Give him a position of respect and honour within the team (if not captaincy).
Change the captain and change the coach(most importantly).
Bring in a more aggressive (and scheming) captain and a more understanding-of-indian-sentiments-strengths-and-attributes coach.
That will improve the team and the team india's chances of winning in general and chances of winning (or reaching the top 2/4) in the world cup next year...