India, ousted at the Super Eight stage, are a point behind the Caribbeans at 120 in the rankings which continue to be led by this year's World T20 runners-up Sri Lanka, the ICC said in a statement.
In the rankings for players, Suresh Raina and Virat Kohli held on to their respective fifth and 10th positions despite the team's overall poor show.
West Indies' success in the event was reflected in the player rankings as well with man of the match in the final, Marlon Samuels and impressive young spinner Sunil Narine, both recording rises of 20 places in the batting and bowling list respectively.
Samuels, who hammered 78 and took one for 15 in the 36-runs victory over the host Sri Lanka, leapt 20 places to 18th in the batting rankings and was up seven places to equal ninth in the all-rounders' table. Both represented career-best ratings as did his improving bowling ranking of 60th