The Indian cricket team was dislodged as the top Twenty20 side and also dropped a rung to fourth in the ODI charts of the latest ICC rankings following the annual update.
India are now second in the Twenty20 charts, behind New Zealand.
Australia and New Zealand have retained the top two positions in the ODI rankings. Results from 2012-13 have been dropped, while results from 2014-15 have been reduced to a weighting of 50 per cent.
Australia, who won their fifth World Cup title in Melbourne last year, are now sitting on 124 points after dropping two points to lead New Zealand by 11 points.
South Africa have swapped places with India to move into third position, while the West Indies have exchanged places with Pakistan to push the 1992 World Cup winners out of the top eight.
Other sides to gain following the annual update include sixth-ranked England (103, up two), seventh-ranked Bangladesh (98, up one), eighth-ranked West Indies (88, up two), 10th-ranked Afghanistan (51, up four) and 11th-ranked Zimbabwe (47, up two).
A significant date on the ICC events calendar is 30 September 2017, which is the rankings cut-off date for the ICC Cricket World Cup 2019.
The host, England, and the seven next highest-ranked sides on the MRF Tyres ICC ODI Team Rankings on September next year will qualify directly for cricket’s biggest event, while the bottom four ODI ranked sides will join the top sides from the ICC World Cricket League in the ICC Cricket World Cup Qualifier 2018 to fight for the two remaining positions.
Although there will be another ODI team rankings annual update prior to this cut-off date, it is significant that from now on the results of all ODIs that will affect qualification will be weighted at 100 per cent whereas matches played between May 2014 and April 2016 will by then be weighted at only 50 per cent, the ICC said in a statement.
All the teams bunched together in the middle of the table will have to win as many matches as possible in the forthcoming season, knowing it will help ensure direct qualification for the ICC Cricket World Cup 2019, which will be staged from May 30 to July 15 in the United Kingdom.