You objection to my statement is based on the fact that very few Indians have won Olympic medals in the past. That is because we Indians lack in sports in general, and not since Olympic Bronze medals were any exceptional events. Besides in tennis, the real test comes from the commercial circuit where you have to face the top brass unlike in the Olympics, where only selected few from each country will make it out to the venue. I may or may not be right in my judgment about it, but the grand slams Paes and Bhupathi had won were the first truly major breakthrough for the Indian tennis IMHO.
PS - I remember jumping and shouting in joy for several minuted when I was first told about Paes' winning of the Olympic bronze back in those days...but then again, it is since we hardly win any Olympics medals, and not because that proved a tennis player's true caliber.