Ok, still childless, but hopefull not in the not so far future. My two cents:
I definately want to keep travelling with a kid, though things will of course change.
The good thing is: mostly babies of 0-1 years old pay just 10% of the price of a plane ticket.
Also, although a baby needs sleep, it really can sleep almost anywhere, anytime, anyhow. Doesn't matter where, it is just a piece of comfortable luggage that is alive! Isn't that great
I would certainly go for it, but like Bentivogli pointed out rightly in my opinion: I would avoid India and travelling to less 'riskfull' destinations, where diseases like malaria and many others are not prevalent. The risk is just higher in countries like India.
I don't know exactly what you like and where you are from, but travelling in western countries can be just as great. Or countries where certain risks regarding diseases are way less of a problem. People in Morocco or Thailand will adore you and your child, and malaria (except for some Thai areas) are close to zero as well.
Chile and Argentina and most areas of South Africa would be a great idea as well.
All in all, don't step into the trap called 'as long as my baby/child is happy, I am happy'. Although this might apply to some people, there are probably lots of examples of people who want to do something else. And when a kid is used to beaches and pools, it doesn't get used to travelling around either. A good combination would be great.
Still, what is most important would be the health of your child!
Have fun!
Michael