On a landmark day for the country's football, India beat other bidders South Africa, Ireland and Uzbekistan in the fight to host the 24-nation biennial mega event.
By virtue of being the host country, India will take part in the tournament for the first time in its history.
"Yes, India has won the right to host the 2017 Under-17 World Cup Football. It's official now," All India Football Federation General Secretary Kushal Das told PTI.
The date of the tournament will be decided later. United Arab Emirates hosted the tournament this year while Chile will be the host country for the 2015 edition.
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India, whose submission of final bid documents were initially in doubt due to delay in getting government guarantees on various subjects, will need six to eight host cities for the mega event. New Delhi, Kolkata, Mumbai, Chennai, Guwahati, Margao, Kochi and Bangalore could be in the running the host the matches.
In a visit to the country, FIFA President Sepp Blatter and then his secretary Jerome Valcke, have supported India hosting the event, provided it builds the required infrastructure and facilities.