Speaking to the media after Australia had lost the fourth and final Test on the fifth afternoon, Ponting said his side probably lost the plot after the crushing defeat in the second Test at Mohali.
Australia dominated the first Test in Bangalore but India did manage to force a draw there before coming down hard on the visitors, crushing them by 320 runs in Mohali.
In Delhi, India almost buried the visitors under a run mountain before settling for a draw and finally wrapped up the four-match series 2-0 here today.
''I think the result tells the truth,'' said Ponting, adding, ''We played well in Bangalore but could not win the match and after the defeat in Mohali, we were basically chasing them. We missed an opportunity in Bangalore and India dominated the series after that,'' said a dejected Ponting.
Dwelling on the final Test, Ponting said Australia needed a flawless display to chase down the 382 runs it needed to win the Test and level the series.
''I told guys this morning that a win is possible only if we play perfect cricket throughout the day. But Indian pacers and spinners put lot of pressure on us and I guess we were out of the match right at lunch,'' he said.
Among his teammates, one Australian who will return with some fond memories of the series was off-spinner Jason Krejza who took 12 wickets in his debut Test which also won him the Man-of-the-Match award. ''This is an experience I would never forget. I mean to get 12 wickets in the debut Test is something unbelievable,'' Krejza gushed.
Ponting also told his side of the story when he bowled spinners and part timers on the fourth afternoon after the tea break to get through the overs with India in trouble after having lost six wickets.
The skipper said,''we were told we were around nine overs short and I thought I have to be responsible and play the game in the right spirit. Also with Harbhajan Singh, I thought we had a chance as he likes to charge the spinners and therefore we had Cameron White from one end to compliment Krejza.'' Ponting also admitted that the retirement of the greats like Glenn McGrath, Shane Warne and Adam Gilchrist has had an effect on the team and the expectations now should be toned down. He, however, added that,''the younger players have hopefully learnt their lessons and we will be back to winning ways soon.'' On the positives of this tour, Ponting said without a doubt has been the debut performance of Jason Krejza along with good performances from Mitchell Johnson, the re-emergence of Simon Katich as an opening batsman and the form of Michael Hussey. ''However, in this tour there have not been performances by the others like these guys.''