Ganguly, one of three Indians to score over 10,000 runs in one-day cricket, was dropped for the ongoing triangular series in Australia despite displaying consistency at Test level.
"I had a great year last year and my one-day record is probably the next best after Sachin (Tendulkar)," the 35-year-old Bengal southpaw was quoted as saying by local media on Tuesday.
"It is disappointing but then I have accepted it (being dropped)."
Ganguly was left out as selectors opted for youth in a revamp policy following the team's first-round exit at the one-day World Cup and a surprise victory by a young squad captained by Mahendra Singh Dhoni in the Twenty20 version last year.
Another former captain, Rahul Dravid, was the first to feel the heat of the shake-up last year as selectors pitched for youth in preparation for the 2011 World Cup in the subcontinent.
"I must say that the 2011 World Cup is still a long way away. But I have a lot of faith in (chief selector) Dilip Vengsarkar, somebody whom I respect quite a lot and I am sure good things will happen under him," he said.