In a rare interview, the 57-year-old Hughes, who played 70 Tests and 97 ODIs for Australia, says: "India's record away from home has not been very good. They got slaughtered by England (earlier this summer) and England are a far better side than Australia.
"But I would have thought that given (Australia's) injury worries and that we are an average side now, yes, this would be India's best chance.
"Certainly, India's batting is far superior to Australia's. (Sachin) Tendulkar is still playing marvelously well, (Rahul) Dravid is in fantastic form, and (VVS) Laxman and (Virender) Sehwag have always done well in Australia.
"I think Sehwag is possibly Australia's biggest danger because he gets India off to such a good positive start and he likes playing well on our true wickets.
"Australia has got a young spinner in (Nathan) Lyon and it will be younger bowlers (James) Pattinson, (Mitchell) Starc and (Peter) Siddle who will have to carry the bulk of the bowling.
"Our batting has been very, very brittle as evident in South Africa and against New Zealand albeit I think the wickets will be more conducive to batting in Melbourne, Sydney and Adelaide."
Hughes, who scored 4,415 Test runs and also led Australia in 28 Tests, also talks about the pressures on Australia captain Michael Clarke and an out-of-form Ricky Ponting. "Clarke has played particularly well. I mean, his 150 at Cape Town was magnificent. Since he has taken captaincy, I think he has scored two or three hundreds.
"As far as Ricky Ponting is concerned, it's purely a technical thing. He is very fit and certainly has a desire but his technique is poor at the moment," he says.
Hughes is convinced Tendulkar will score his 100th international century in Australia but suggests the champion batsman to use lighter bats.
"Tendulkar always looks in good form. Using heavy bats on flatter wickets are fine but when the wickets have got a bit of a pace and bounce, then I don't think heavier bats are a wise thing. I think lighter bats in Australia where you play more horizontal shots are a better option.
"You would think in four Tests, Tendulkar will get an opportunity (to score a century). We produce good wickets in Australia for the batsmen and I would have thought Tendulkar will certainly get one hundred in one of those four Test matches."
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52-year-old Kapil Dev, one of the ICC Cricket Hall of Famers and a veteran of 131 Tests and 225 ODIs, says: "We are all getting excited about India playing in Australia.
"Earlier that was not the case because we were no match for Australia. Australia dominated world cricket and always bounced back. But this time we can go there thinking of not drawing but with a view to win the series.
"This time India has a better chance to win the Test series in Australia, there is no doubt about that. Australia were on top of the world cricket for 15 years. But now it is not the same team without (Glenn) McGrath, (Shane) Warne, (Adam) Gilchrist and (Matthew) Hayden. They are not as strong as they used to be.
"We still have Sachin, Rahul Dravid, VVS Laxman and Virender Sehwag. Then there are young talented fast bowlers and spinners. We are getting strong every day. We, therefore, have a better chance than ever before.
"It is a team game. I am not concerned about one or two players.
"Ricky Ponting is the most important player. He is an experienced player and if India can control him, then we can control Australia. Remember experience always comes in handy in the long run. He has scored enough runs against us and is due for a big score.
"Captain is the most important element in both teams. But equally important to note is that India needs to play like a team. Don't count on one or two. It is a team sport, after all."
On Tendulkar, Dev says: "Sachin has served India cricket so enormously that at this stage this talk of this 100th hundred is not important. If India can win the series, Sachin's 100th hundred will be taken care of."
Current and former Australia captains, Michael Clarke and Ricky Ponting, also look forward to the Tests against India which will be played in Melbourne, Sydney, Perth and Adelaide.
Finally on the show, Bangladesh coach Stuart Law and Pakistan captain Misbah-ul-Haq reflect on the just concluded series in Bangladesh. Pakistan won the three-match ODI series 3-0 and the two-Test series 2-0.
Apart from these exclusive interviews, there is the usual round-up of cricketing news and an update of the Reliance ICC Player Rankings.