Chasing 294 for victory on a batting pitch, Hardik Pandya (78 off 72) and Manish Pandey (36 off 32) took India to the finish line after Rohit Sharma and Ajinkya Rahane had laid the platform for the victory with a 139-run opening stand.
Captain Virat Kohli and Ajinkya Rahane struck sublime half-centuries before Australia staged a strong fightback to bowl India out for 252 in the second One-Day International, in Kolkata, on Thursday.
Australia coach Darren Lehmann expects the upcoming limited-overs series against India to be an exciting one given the 'aggressive' brand of cricket that Mahendra Singh Dhoni's men have been playing of late.
Rajneesh Gupta breaks down all the facts and figures from the recent India vs Australia ODI series.
India will launch its ICC Champions Trophy title defence against traditional rivals Pakistan at Edgbaston, Birmingham, on June 4, 2017.
India lost the No 1 ODI ranking after a 15-run defeat in a rain-truncated second One-Day International against New Zealand, in Hamilton, on Wednesday. The victory gave the Kiwis a 2-0 lead in the five-match series.
Suresh Raina said he would have been left devastated had India failed to draw the fourth and final Test against Australia in Sydney following his failures with the bat in both innings.
Ravindra Jadeja very nearly pulled off a sensational victory with some lusty hits but could not take India home in the last over as the third one-dayer against New Zealand ended in a nail-biting tie to keep the visitors afloat in the five-match series in Auckland on Saturday.
They are determined to recapture the number one spot in the ICC ODI rankings but Australia skipper George Bailey said it would be "silly" to assume that the visitors would be able to thrash India by the requisite 6-1 margin in the seven-match series starting in Pune.
The battle for the final two available places in the ICC Champions Trophy 2017 will hot up when Bangladesh squares off against South Africa in the opening match of the three-One-Day International series in Mirpur on Friday and Sri Lanka hosts Pakistan in the first of five matches in Dambulla on Saturday.
So overwhelming was India's domination in the series, that Zimbabwe's most valuable player, Elton Chigumbura, is only seventh in the combined list with a MVPI of just 175, according to Srinivas Bhogle and Purnendu Maji.
Indian cricket's fortunes ebbed and flowed in 2015 with Virat Kohli successfully leading the national side in Tests and Mahendra Singh Dhoni appearing to be losing his midas touch, while in off the field drama Shashank Manohar returned as the president of Board of Control for Cricket in India.