The 19-year-old wonder spinner has gained 54 points to finish with 813 points, 80 more than second-placed Shadab Khan of Pakistan.
India captain Virat Kohli dropped one place to fifth despite his half-century against Pakistan for a lost cause in the ongoing T20 World Cup while team-mate KL Rahul slipped two slots to eighth in the ICC men's T20I Player rankings.
India's pacer Jasprit Bumrah, who has been sidelined with injury fell to sixth in the latest ICC Test rankings, Starc up to career-best fifth spot.
The 22-year-old played a crucial role in India's semi-final appearance at the ICC Women's World T20 in the West Indies, scoring 178 runs in five matches at a strike-rate of 125.35.
India lead the table with 360 points and Australia are placed second with 296 points.
India are marginally ahead of third-placed New Zealand in the WTC points tally.
India edged Sri Lanka via the Super Over in a low-scoring thriller to register a 3-0 whitewash in the T20 International series in Pallekele, on Tuesday.
Mandhana, who has 755 points, slipped to the number two spot after she missed India's recently concluded ODI series
India's spin duo of Ravindra Jadeja and Ravichandran Ashwin continued to sit at the top two positions in the ICC Test bowlers' rankings, released on Monday.
India will be keen to go one step ahead and claim the title that has eluded them
'He is a very, very good man and has those political skills. He has the right attitude and can keep things together and will do good job. And if you do a good job as BCCI chief in the future, who knows? But I would actually say the more important job, to be honest, is running BCCI. Being head of ICC is an honour, there is a lot that can be done by ICC, but actually look at the rankings, look at where the power is heading up. BCCI is definitely the bigger job'.
India's hopes of breaking their ICC trophy drought after 2013, remained unfulfilled as Australia handed them a crushing loss at the WTC Final.
Set 183 for victory, Andrew Balbirnie produced a stunning knock to take Ireland over the line with five wickets and a ball to spare in front of a sell-out crowd.
In the all-rounders' list, Ravindra Jadeja is placed 10th, while the top spot continues to be held by Bangladesh skipper Shakib Al Hasan.
Sri Lanka lead the standings with 100 PCT, having won both the Tests they have played in this cycle. They are followed by Australia, who have a PCT of 86.66.
If Pat Cummins's side defeat India in the next two ODIs, then Pakistan will be back at the No. 1 spot for the World Cup.
In the bowling department, pacer Mohammad Abbas (13th) and experienced leg-spinner Yasir Shah (24th), who have in the past, been ranked third and first, respectively, and left-arm fast bowler Shaheen Afridi (32nd) are other Pakistan players to watch.
India's newly-forged coach-captain combination of Gautam Gambhir and Suryakumar Yadav will look to make instant impact against a Sri Lankan team in disarray.
India, who registered their first series victory in Australia at the turn of the year, finished with 116 points on the April 1 cut-off date, eight points ahead of New Zealand who finished second and took home $500,000.
The Sri Lankan cricket team has a good opportunity to move ahead of India into the second place in the ICC ODI Championship table if they succeed in claiming the upcoming five-match ODI series against England comprehensively.
India have overtaken Australia to regain the top position in the MRF Tyres ICC Test Team Rankings following the annual update that drops results from the 2019-20 season.
Former Australia skipper Ricky Ponting said that England batter Joe Root is fulfilling his full potential with his run over two years.
Kohli has consistently dominated headlines with his extraordinary batting prowess.
The Jharkhand player has collected 1,000 runs from 33 ODIs at an average of nearly 50.
Accumulating 500 wickets in 218 international appearances, Rabada maintains an average of 24.79
India have dropped two points and one place to be at fourth position in the International Cricket Council Test team rankings.
Srinivas Bhogle and Purnendu Maji present Rediff.com's Most Valuable Player Index of T20 World Cup 2024 after Game 48.
Australia will aim to secure a Super Eight berth when they face lower-ranked Namibia
Indian cricket team stands a chance of making big gains in terms of International Cricket Council (ICC) Test ranking if they manage to register a 3-1 victory over Australia in their ongoing four-match series.
Pakistan has dominated the ODI format over the last year. In 2022, they whitewashed West Indies and Netherlands 3-0 at home and away respectively. They followed this up with a 2-1 series win over New Zealand at home in January 2023.
India can reclaim the top spot in the International Cricket Council ODI rankings if it blanks England 3-0 in the three-match series beginning on July 12.
India and England are due to play in Birmingham on June 30.
Hosts West Indies and Afghanistan will indulge in a battle of one upmanship and strive to gain momentum for the Super Eight stage.
Cheteshwar Pujara was the highest-placed Indian batsman, climbing a rung to the sixth position, while Pragyan Ojha broke into the top-10 among bowlers after gaining one spot to be 10th in the latest ICC Test rankings issued on Monday.
Ajinkya Rahane has become India's highest-ranked Test batsman in the latest ICC Test Player Rankings after scoring two centuries in the 337 runs victory over South Africa in the fourth and final Test, at the Feroz Shah Kotla in Delhi, which gave the home side a 3-0 series triumph.
Suryakumar jumped in front of Pakistan captain Babar Azam and into third place on the latest list of T20I rankings for batters
Suryakumar Yadav, the lone Indian in the top 10, continued to top the charts in the latest ICC men's T20I player rankings.
MS Dhoni's captaincy and man management skills are part of cricket's urban legend, and the former India skipper on Friday said earning respect and loyalty of players with deeds formed the primary layer of leadership.
Pakistan have had a wonderful record in ODI cricket this year, losing just three matches of the 10 they've played thus far.
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