India had entered the tournament on 119 ratings points and have moved to 121, thanks to victories over South Africa, West Indies and Pakistan.
England are now ranked second after moving up two places from fourth, thereby pushing Australia to third position.
Second-ranked England and third-placed Australia are level on 113 ratings points, but Alastair Cook's side is ranked above Michael Clarke's team by a fraction of a point.
Meanwhile, among the players, in form Indian spinner Ravindra Jadeja has entered the top-5 as he gained three places to be at number four in the ODI bowlers' list.
His Spin colleague R Ashwin though dropped a place to 15th. Jadeja has moved up a place to fourth in the all- rounders' list.
The highest run-getter of the tournament until the end of the group stage, Shikhar Dhawan, has re-entered the batting rankings in 50th place. Dhawan has scored 264 runs so far in the tournament, with two back-to-back hundreds.
Suresh Raina has gained a place to be 14th while out of favour Gautam Gambhir dropped three places to 19th.
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