This will be India's first appearance in the summit clash since the inception of the blue-riband six-nation tournament back in 1978.
India's only podium finish until now was a bronze medal won way back in 1982 at Amsterdam. In what would be the team's best ever performance in the event, India are assured of at least a silver after making the final.
India would thank Great Britain, who rallied from a two goal deficit to hold Belgium 3-3 in a cliffhanger at the Lee Valley Hockey Centre late last evening. This was after India lost 2-4 to title favourites Australia in their last round robin encounter.
Australia topped the league standings with 13 points from five games, while India ended on seven points. Great Britain ended on six points and Belgium were left on four points.
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Britain will feature in the bronze medal match with dethroned title holders Germany, who outplayed South Korea 7-0. This was Germany's biggest win over the Koreans in international matches. Belgium will take on South Korea in the play-off for the fifth position.
Britain simply required a victory to go past India on points, while Belgium needed to win by three goals or score at least four in a two-goal victory to finish ahead of India on goal difference.
All three possibilities were within close distance until the last stages, leaving the Indian fans in the stadium on tenterhooks. Even the last British shot at the goal with five seconds left could have taken the hosts into the final, but the ball went a few centimetres wide of the post.
India's tentative defence and wayward shooting had left them marginally short in the past, but luck smiled on India today as Belgium squandered their chance of increasing the 3-1 lead even as Britain played without a goalkeeper for the last six minutes.
Then Belgium had two players sent off and were down to nine men, allowing Britain to score twice in the space of three minutes and drawing 3-3 parity with 75 seconds left.
Britain went all out looking for that one good shot to land on target and lift them into the final, but the Belgian defence hung on grimly.
Belgium had surged into the initial lead in the opening minute when Florent van Aubel deflected a powerful shot past British goalkeeper George Pinner.
Britain equalized on captain Barry Middleton's penalty corner conversion in the 25th minute. Jerome Luyparet fired in two successive penalty corners in the 30th and 42nd minutes to give Belgium a 3-1 lead, but the fourth goal proved elusive even when they surged forward with full thrust.
The tide turned for Britain when van Aubel got a yellow card in the 56th minute and Emmanuel Stockbroekx was sent off with red card two minutes later.