While Ajinkya Rahane has been named vice-captain, pacer Navdeep Saini was recalled into the Test squad.
The 29-year-old Hardik will lead the Indian team for the three-match T20I series against Sri Lanka.
Young wicketkeeper-batsman Sanju Samson and leg spinner Karn Shama are the new faces in India's squad for the One-Day International series against England.
Their opponents New Zealand, who effectively knocked India out of the World Cup, have reached Jaipur on a chartered flight from Dubai with little time to reflect on their loss to Australia in the title clash.
'His role as an opener will be equally crucial. He is the guy you want to play in Australia. I remember ODI series in 2008 and he was new but did quite well on Australian pitches. He will be raring to go after the injury.'
ohit Sharma's absence from the upcoming limited overs series is a big 'positive' for Australia but K L Rahul is a good enough player to fill in the void, said Glenn Maxwell.
Mayank Agarwal has been in top form in Test cricket and he could carry that form into the limited overs series if picked in the playing XI. The Karnataka cricketer is currently playing in the Ranji Trophy and will join the national squad before the opening ODI.
Rohit Sharma explained the reason for leaving out Kuldeep Yadav from India's squad for the first two matches of the upcoming ODI series against Australia, saying the team management does not want to expose him before the ODI World Cup, starting October 5, and it is important to build bench strength.
However, it is his superb deliveries to Rohit Sharma and KL Rahul that are being talked about after Pakistan's victory and he was deservingly awarded the Player of the Match.
The national selectors did well to deliver a loud and clear message as they sought to kickstart the transition in the Indian T20 team.
Very emotional after the last six months: Hardik Pandya after India's T20 WC win
Kuldeep Yadav wrecked England's top order and fellow spinner Ravichandran Ashwin polished off the tail to bundle out England in just over two sessions.
Rohit's fitness test took place under the supervision of NCA director Rahul Dravid, who is entrusted with the responsibility of giving him his fitness certificate.
In terms of sheer numbers there is not much to choose between the two wicketkeepers.
K L Rahul has been ruled out of after failing to recover from injury to his right quadriceps
All-rounder Hardik Pandya was named as India's T20I captain for the three-match series against Sri Lanka, with Rohit Sharma retaining the ODI leadership role.
Images from the first One-Day International between India and England in Nagpur, on Thursday.
'I think it is important for them to just have fun, relax and be part of this wonderful set up first and when the opportunity comes, I am sure, these guys have done well especially last year and it is about carrying that form and putting it out here.'
The Pat Cummins-led side is in the midst of an intense battle between multiple teams who are bidding for spots in the final four, with Rajasthan Royals (16 points), Kolkata Knight Riders (14 points) and Lucknow Super Giants (12 points) placed above SRH.
Last year, Rahul's animated conversation with Goenka, after a heavy defeat against Sunrisers Hyderabad, went viral although lot of people later called it a "frank discussion between owner and skipper".
'We think he is a deserving captain and we will see how he fits into the role.'
Rohit Sharma is not averse to playing three spinners against Pakistan on a huge Motera ground with big square boundaries.
The best response to a question was the one with which he signed off.
'Extremely grateful for the year I have had. A World Cup victory would have been nice but as a team, throughout the year, whether red ball or white ball cricket, the team came together really well'
India's Test captain Virat Kohli on Wednesday asserted that he will play in the three-match ODI series in South Africa next month, putting to rest speculations about his availability and his equation with newly-appointed white-ball skipper Rohit Sharma.
Axar Patel made an expected comeback to the side for the first two Tests against England.
'It is long time to go for the (T20) World Cup, so early days to talk about how our batting will look like'
India's premier pace bowler and vice-captain Jasprit Bumrah was rested for the fourth Test match against England.
Rohit Sharma's hopes of a Test comeback took a slight jolt as he was dismissed for a duck on the third and final day of the warm-up match between Board President's XI and South Africa.
Rohit feels Rishabh certainly does need a bit more confidence while going for the big hits.
Ollie Pope and Tom Hartley scripted a remarkable turnaround and set up England's thrilling 28-run victory against India in the opening Test at Rajiv Gandhi International Stadium on Sunday.
The tourists had risked a defeat inside three days after India, having built a lead of 190, reduced England to 163-5 in their second innings in the second session of the day.
No place for Dhawan, Tilak Varma included in 17-man squad.
The T20 World Cup will start on June 1 and will be played in venues in the USA and the Caribbean till June 29.
Cricketers, shaped by diverse journeys from unexpected corners of the country, serve as a testament to the power of unwavering belief.
Cheteshwar Pujara has made a comeback to India's Test team while youngsters Umran Malik and Arshdeep Singh have received an India call-up as the selection committee on Sunday named the squad for the five-match T20I series against South African in June and the one-off Test against England in July.
Rohit and vice-captain Rahane added 162 runs for the fourth wickets as India scored 300 for 6 at stumps
Jasprit Bumrah will definitely be a part of India's plans for the T20 World Cup but there is not clarity on the T20 future of Rohit Sharma and Virat Kohli.
India captain Virat Kohli will end the year as the top ranked batsman while Ajinkya Rahane slipped a rung to be seventh in the latest ICC Test rankings issued on Tuesday. Kohli (928) remained 17 points ahead of Australia's Steve Smith who occupied the second spot while New Zealand skipper Kane Willamson (864) ends the year at number three.
India will still be without injured vice-captain Hardik Pandya for Thursday's World Cup match against Sri Lanka.
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