Vijay, who also captained India in Davis Cup, said Anand was very committed and no one can question the results he has produced.
"I don't follow the intricacies of everything but what I do know is that since 1987-88, there has been no better captain than Anand," Vijay, who twice reached Wimbledon and US Open singles quarterfinals, told PTI in an interview.
"My feeling is from the captaincy point of view, from quality standpoint of being captain and needless to say he gets along very well with the team.... He hardly had anyone in the top-100 but still managed to get the team into World Group Play-offs all three years, so you can't question the results."
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Anand will lead the Indian team for one last time in Pune when India host New Zealand next month and Bhupathi will take over the reins of the team from April.
"The other question is if Mahesh Bhupathi qualifies to be captain, absolutely. No questions. He is been there, done that. But you generally keep a winning captain and in my opinion certainly he (Bhupathi) would be next in line (to be captain)."
"Making the Play-offs in today's environment is not easy. When we were playing Davis Cup, we were the best team in Asia by a long shot. Today we are not. We only make changes when things are not going well.
Vijay, who touched a career-high singles rank of 16 in
1980, also made a point about India not producing enough singles players.
"It's hard for me to believe and it was pointed out to me some time ago that since tennis went open in 1968 and ATP rankings came in 1973, I have the maximum number of singles titles in Asia, next is (Kei) Nishikori, so where are we? if that's what we are relying on for 30-40 years.
Asked to share his views on Anand on the issue of discipline, Vijay fully backed his brother.
"You can't get to where he (Anand) got to without discipline. I can only compare him to what we did together. He did it one way I did it another way. It's not easy to play when you have your younger brother in the team. There were times when I played ahead of him in the singles with Shashi Menon because I needed him for the doubles. So you look at merits.