Despite capturing the 2011 World Cup, India have dropped one place to third in the updated ODI rankings. According to the latest rankings issued by the International Cricket Council in Dubai on Monday, Australia lead the rankings with 130 rating points, way ahead of Sri Lanka (118), India (117), South Africa (116), England (106) and Pakistan (100).The cricket's governing body explained that this is due to the fact that in the 2008-09 rating year, now dropped, India won 17 ODIs and lost only five games, which was easily the best record during that period. In the same year Australia won 11 and lost 11 ODIs and so now Michael Clarke's side are no longer penalised for that relatively poor year. The ICC statement added that in the past 12 months, India has lost nine ODIs, including its last two ODIs against eighth-ranked West Indies and one in the group stages of the ICC Cricket World Cup, and has a win-loss ratio that is poorer than World Cup finalists Sri Lanka and quarterfinalists Australia and South Africa.