India, who were fifth in the previous standings at the end of August, have been overtaken by the Champions Trophy finalists -- West Indies and England -- and the semifinalist Pakistan, an ICC release said here today.
India could not progress beyond the league stage of the tournament, where it beat minnows Kenya in the first match but lost to Pakistan in the next match and went out of the series.
Australia, however, command a huge 16-point lead despite their semi-final exit from the tournament held in England last month.
West Indies and England climbed to fourth and fifth positions respectively behind the third placed New Zealand who are following Sri Lanka.
Sri Lanka will aim to maintain its second position as it takes on Pakistan in the Paktel Trophy in Karachi tomorrow.
Meanwhile, Pakistan improved its rating by one point after winning its two opening Paktel Trophy matches against Zimbabwe and placed itself on the sixth position.