It was an interesting match, first tie in world cup history, there was one more Tie match in cricket world cup between India and Pakistan but India was declared victory on no. of wickets as per rule at that time.
Morally it is a loss for India, if they cant defend 338 runs, it is a moral defeat, India almost lost in 40 overs when England required just 67 runs in 60 balls and 8 wickets in hand, but Zaheer Khan brilliant second spell reversed the match and in last 2 overs England required 29 runs, Piyush Chawla 49th over gave 2 sixes that too to tailenders.