India crashing out of world cup will do a lot for sports in India.
Our overweight, overhyped and unfit cricketers and incompetent administrators would have now learnt a lesson which they will not forget in their lifetime. Media / sponsors will loose interest in Cricket which will be very good. These guys will now be paid (hopefully)according to their abilities, this will make them work harder.
Also our cricket crazy nation will get time to take notice of exceptional achievers like Vishy Anand. He became world number one and this got completely unnoticed by our media and people.