Middle-order batsman Suresh Raina has staged a comeback while Haryana off-spinner Jayant Yadav was the lone new face in the squad.
Raina, who had been rested from the ODI series against Zimbabwe in June, returns to the fold even as senior off-spinner R Ashwin, pacer Mohammed Shami and all-rounder Ravindra Jadeja were given a break. Leg-spinner Amit Mishra also returned to the squad.
Veteran left-handed batsman Yuvraj Singh who was rested for Zimbabwe tour has been ignored by the new selection panel.
Medium pacer Jasprit Bumrah, batsman Mandeep Singh and Kedar Jadhav were included in the squad announced by the selection committee chairman MSK Prasad after a meeting of the committee here.
The team, to be captained by Mahendra Singh Dhoni, retained batsman Manish Pandey, while paceman Umesh Yadav was brought back into the team after missing the Zimbabwe tour.
The new senior selection committee, led by former wicketkeeper Prasad met in Delhi on Thursday, to pick the players for the series.
The Indian team for the ODIs is a clear reward for those that did well with India 'A'. And clearly Ashwin/Jadeja will play Test cricket only
The Indian team for the ODIs is a clear reward for those that did well with India 'A'. And clearly Ashwin/Jadeja will play Test cricket only— Harsha Bhogle (@bhogleharsha) October 6, 2016
Hardik Pandya, who performed well during India A's tour of Australia in the ODI series, and other young players were also rewarded for their performance in Australian conditions.
Obviously Hardik Pandya has impressed those that saw him in Australia. This is an investment in promise.
Obviously Hardik Pandya has impressed those that saw him in Australia. This is an investment in promise.— Harsha Bhogle (@bhogleharsha) October 6, 2016
The team had no place for left-handed opener Gautam Gambhir, who had forced his way back into the Test team after some solid knocks in the domestic circuit.
Prasad said Gambhir's name was discussed but "we needed continuity and we groomed Mandeep as an opener. He did extremely well against Australia A Down Under."
The selection committee chief said that the trio of Ashwin, Shami and Jadeja was rested keeping in mind the long home season that awaits India, during which the side is scheduled to play 11 more Test matches out of 13. India lead the ongoing Test series against New Zealand 2-0.
With Shikhar Dhawan and KL Rahul missing out, Rahane will be opening India's innings alongside Rohit Sharma and Virat Kohli would come in to bat at number three.
The first ODI between India and New Zealand will be played in Dharamsala on October 16. The 5-match series ends in Visakhapatnam on October 29.
Here is the 15-member Men In Blue squad:
1. MS Dhoni (captain and wicketkeeper)
2. Rohit Sharma
3. Virat Kohli
4. Manish Pandey
5. Ajinkya Rahane
6. Suresh Raina
7. Hardik Pandya
8. Axar Patel
9. Jasprit Bumrah
10. Jayant Yadav
11. Dhawal Kulkarni
12. Umesh Yadav
13. Amit Mishra
14. Kedar Jadhav
15. Mandeep Singh