All-rounder Max Maxwell, who has been sidelined by a wrist injury, will come in for the last three games, while Test certainty Josh Hazlewood will skip the last three games.
Marnus Labuschagne has played 30 of Australia's 38 matches since his debut in early 2020 and was part of the team that won a three-match series in India in March this year.
Marnus Labuschagne broke into Australia's 15-member squad for the 50-over World Cup in India at the last possible moment on Thursday on the back of his strong recent form while injured opener Travis Head was also included.
'This wasn't an easy decision, but I believe it's the right time for me to step away from ODIs and fully focus on the next chapter of my career.'
IMAGES from Day 4 of the fourth Ashes Test between England and Australia at Old Trafford in Manchester on Saturday.
Starc's withdrawal comes after pace stalwarts Pat Cummins and Josh Hazlewood were ruled out due to injuries.
Pat Cummins will captain Australia at the Champions Trophy after being named in a preliminary 15-man squad also featuring fellow quick Josh Hazlewood on Tuesday.
Selectors have recalled pace stalwart Hazlewood for the second ODI after he missed the MCG match to play Sheffield Shield cricket.
IMAGES from Day 1 of the 2nd Ashes Test played in Adelaide on Thursday.
Selectors will likely opt for another batter to cover for all-rounder Green in the India series and possibly an opener if Steve Smith is restored to the number four spot.
The Queensland all-rounder offers another slow bowling option with his leg-spin at the Sydney Cricket Ground, traditionally Australia's most spin-friendly wicket.
Both teams have struggled in the ODI format recently. World champions Australia lost to Sri Lanka (0-2) and Pakistan (1-2) in their last two series, while England, now coached by Brendon McCullum in all formats, haven't won an ODI series since their disastrous 2023 World Cup campaign.
Spin great Ravichandran Ashwin says New Zealand, despite the absence of the long-serving pace duo of Trent Boult and Tim Southee, who have quit playing the 50-over format, will pose a challenge to India.
Marnus Labuschagne rode his luck to a home-ground century as Australia exploited India's injury woes and punished their poor fielding to reach 274 for five at the close of a steamy opening day of the series-deciding fourth and final Test, in Brisbane, on Friday.
Konstas, Marcus Harris and Cameron Bancroft among others are looking to get into the Australian XI as Khawaja's opening partner in the series against India.
Uncapped McSweeney to open with Khawaja in India series
Travis Head and Marnus Labuschagne missed individual centuries but forged Australia's highest partnership of the summer to earn the hosts a handy first innings lead against Sri Lanka on day two of the series opening day-night Test on Friday.
Steve Smith continued his outstanding Ashes form, striking an unbeaten 60 as Australia recovered from another failure by their openers to reach 170-3 at the close of the rain-affected first day of the fourth Test against England.
Australia and West Indies are set to lock horns in five T20Is and three ODIs in July this year.
The debate over the vacant slot at the top of the Australia batting order continues to captivate the nation's sports media a month before the opening clash in a blockbuster five-Test series against India.
'It was a surreal experience to represent the country. Thanks to everyone for your wishes. Looking forward for more challenges.'
Glenn Maxwell and Marcus Stoinis were left out of the Australia squad for next month's limited overs tour of India while Labuschagne comes into the squad on the back of some fine form in Test cricket.
Uncapped in T20Is, Fraser-McGurk was included in Australia's World Cup squad as a reserve player but never got a chance to shine on the global stage.
Stoinis lost his spot in Australia's ODI team to Marnus Labuschagne during the World Cup in India
'...there'll be nerves and a bit of pressure, but that's all part of it, and I'm just excited to see what it all brings.'
Maxwell has starred with bat and ball in Australia's white ball teams since coming back from his broken leg last year.
'Any time Smith and Stoinis are there there's a chance. They are both quality players and given the opportunity, they would have taken the match closer.'
After several losses in the early years of the new century, a resurgent India notched up two consecutive series wins in Australia to become the Aussies' nemesis.
Images from Day 2 of the third Ashes Test on Friday.
The Australians had been relaxing by playing golf in the city during a week-long break between games. No one else was hurt in the incident.
Australia will look for another dominating show but need to be cautious when they face a tenacious Netherlands in the World Cup 2023 match in New Delhi.
IMAGES from the World Cup match between Australia and England played in Ahmedabad on Saturday
Apart from Renshaw's inclusion in place of Warner, there are no changes to the squad which beat Pakistan by eight wickets in the third and final test to sweep the series 3-0 last week.
Former Australia player Shane Watson said star all-rounder Cameron Green has all the means to succeed as a Test opener.
South Africa crushed Australia by 134 runs to cruise to their second victory at the World Cup, as Quinton de Kock struck back-to-back tons and Aiden Markram made a half-century before the bowlers ripped through the five-times champions on Thursday.
Travis Head likes the way England skipper Ben Stokes and Head coach Brendon McCullum are leading the English Test team.
This is India's second appearance in the WTC final after losing the inaugural game in 2021 to New Zealand.
Matthew Short has also been called up as an extra batter while Travis Head recovers from a fracture to his left hand.
Erskine hit back at Johnson, stating that his questioning Warner's selection isn't logical.
They know what it takes to win the 50-over World Cup, having won five of them in 12 editions, but Australia skipper Pat Cummins says they are never "weighed down" by history and will stick to basics against South Africa in the second semi-final in Kolkata on Thursday.
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