"They have been playing well (in the ODIs) and I think they're quite capable of retaining the title but they just have to work doubly hard. It's World Cup after all, there would be five-six teams who will be fancying a title win," Bedi said today.
Echoing the same opinion, Vengasarkar said India have a decent chance but with a word of caution he said that Mahendra Singh Dhoni's men should not take it easy.
"But at the same time, I feel the top eight teams are quite capable of challenging India."
Asked about stand-in skipper Virat Kohli's captaincy as India have sealed the ongoing Lanka series with a 3-0 unbeatable lead, Vengsarkar said: "Kohli has really impressed me with his captaincy. In the three matches so far (against Sri Lanka), he has certainly done a fantastic job, am really happy for him.