India seemed on course for a maiden World Cup trophy but suffered a batting collapse, losing seven wickets for 28 runs to slip from 191-3 to 219 all out in 48.4 overs in a chase of 229 in the final against England at Lord's. But despite the heartbreak, the skipper said future seems good for India.
"These girls have really set the platform for the upcoming generations in India. They've opened up the channels for women's cricket and they should be really proud of themselves. I have seen the changes the girls have made," Raj said.
"Everybody was very nervous and I think that resulted in our defeat. It's about experience and about how composed we are in the situation. The girls weren't experienced enough to do that, but the way they have fought through the tournament is heart-warming," said Raj.
"The India women's team has a bright future, we have very talented girls - it's just a matter of calculations, keeping your cool in the middle," she added.
She also took solace from the fact that the final went right down to the wire unlike the lopsided loss to Australia in the 2005 edition's summit clash.
India were going strong at one stage with Punam Raut (86) and Harmanpreet Kaur (51) at the crease. The duo shared a third-wicket stand of 95 but once the opener was dismissed, it all fell apart for the visitors.
"We messed it up in the end. It was a very brave innings from Punam. The partnership was very important and the two really built the innings," said Raj.
Tributes poured in for Indian women's cricket team despite their loss with Prime Minister Narendra Modi and former cricketers and sportspersons hailing the team for its tenacity and skills.
"The response from the public is very positive. I'm sure the BCCI is very proud of the team," said Raj.
"When we lost to South Africa and Australia (in pool play), no one thought we would get to the final. A team like that has come to the finals and given a good fight to the home team."
"The WBBL has given exposure to the two girls who have played (Smriti Mandhana and Kaur). If more girls participate in such leagues, it will give them experience and help them to improve their own game.
"If you ask me, they should have (women's) IPL because now is the right time to create that base," added the 34- year-old Raj, who also made it clear that it would be her last World Cup.
Snatching victory from the jaws to defeat to lift their fourth World Cup, England skipper Heather Knight admitted her team committed lot of errors to almost let it slip.
"It felt It was slipping away a little bit, we fought, so proud of the girls. It's been a theme, us fighting hard and holding our nerve which we did today."
Knight had dropped Veda Krishnamurthy at extra cover in the mid overs, while Jenny Gunn fumbled with a catch when India needed just 10 runs for victory.
"I felt we dropped the World Cup with Gunny's, it was a hard one to deal with. We were on top on that stage and I thought we'd won and then lost it again.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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