India's disastrous World Twenty20 campaign pushed it to third place in the ICC T20 rankings while the West Indies jumped five places to grab the second spot.
Soon after losing his fourth World Cup final within five years, Sri Lankan skipper Mahela Jayawardene decided to quit captaincy in the shortest format of the game.
Boosted by a good all-round effort by Marlon Samuels and superb bowling by Sunil Narine West Indies beat hosts, Sri Lanka by 36 runs to win the 2012 T20 World Cup.
West Indies won the toss and elected to bat against Sri Lanka in the final of the World Twenty20 in Colombo on Sunday.
Sri Lanka will test their skills against West Indies when both sides battle for their maiden World T20 title in a mouth-watering final in Colombo.
Australia's Simon Taufel and Pakistan's Aleem Dar will be officiating as the on-field umpires in the World Twenty20 final between hosts Sri Lanka and West Indies on Sunday.
West Indies sealed a spot in the finals against Sri Lanka with a massive 74 run win against Australia. Gayle starred with a brilliant 41 ball 75 while Pollard was good with both bat and ball.
West Indie captain Darren Sammy has won the toss and West Indies are batting first in 2nd Semi-final of World Twenty20 against Australia at Colombo on Friday.
Discipline Sri Lankan bowlers powered the hosts to the final of the 2012 World Twenty20 as they beat 2009 champions Pakistan by 16 runs in a low-scoring thriller at Premadasa stadium in Colombo on Thursday.
Sri Lanka have won the toss and decided to bat first in the first Semi-final against Pakistan at R Premadasa Stadium, Colombo on Thursday.