The 34-year-old Indian was selected as captain after she led India to the final of the just-concluded ICC Women's World Cup.
India lost to England by nine runs in one of the most thrilling finals at the Lord's.
Mithali led by example, scoring 409 runs during the 30- day tournament.
She was at her best in a virtual quarter-final against New Zealand in Derby when she scored 109 to steer her side into the semifinals with a 186-run victory.
Besides Mithali, Harmanpreet Kaur and Deepti Sharma were the other two Indians included in the ICC's team.
The side includes four players from England -- player of the tournament Tamsin Beaumont, player of the final Anya Shrubsole, wicketkeeper Sarah Taylor and left-arm spinner Alex Hartley --, three from South Africa that included opener Laura Wolvaardt and bowlers Marizanne Kapp and Dane van Niekerk, and Australia all-rounder Ellyse Perry.
Mithali, Taylor and Shrubsole have been picked in the Team of the Tournament for the second time in their careers.
Mithali and Taylor were selected in the Team of the ICC Women's World Cup 2009, which England won in Sydney in 2009, while Shrubsole was named in the Team of the ICC Women's World Cup 2013, which Australia won in India in January/February 2013.
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