They came up short, however, against an Australia side who capped off a superb year with a six-wicket win.
India, despite their vast riches, are without a global title since the 2013 Champions Trophy.
"I think he has been an exceptional leader," Dravid said. "Rohit has really led this team fantastically well.
"Just think he has given so much of his time and energy in the dressing room with the boys. He is always been available for any of our conversations."
He added: "His batting as well, it was fantastic. It set the tone for us. We knew we wanted to play a certain way, a positive attacking brand of cricket and he was committed to doing that.
"He wanted to lead by example and all through the tournament he was quite superb."
Australia slipped to 47-3 but the left-handed Head and Marnus Labuschagne, who hit 58 not out, put on 192 for the fourth wicket to thwart the Indian bowling.
"Obviously a tough day in the office. Ran a really good campaign, really proud of the boys the way we played right through this tournament," said Dravid.
"We gave everything we had in this tournament. Just with the last step of the campaign we probably didn't have a nice game. My congratulations to Australia, they played really well."
The home team saw packed houses at all their nine venues with chants of "India, India" reverberating everywhere the team and players travelled.
Over 92,000 turned up to watch the final in an anticipation of India lifting the trophy but it was not to be as Head made the occasion his own.
But Dravid said the team provided enough joy to their millions of fans.
"It was a great privilege to play in front of our fans and I thought the team did really well and really entertained the fans," said Dravid.
"So, while there may be some disappointments today, I think there's a lot of joy that this team has given to the people over the last couple of months."