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Peru (21 points), Colombia (20) and Chile (19) will now vie for fifth place and a play-off spot against a team from the Asian Football Confederation.
Energy exports have kept a steady influx of cash flowing to Russia despite otherwise severe restrictions on its financial sector.
India has abstained on two resolutions on Ukraine in the 15-nation Security Council and one in the 193-member General Assembly in the last one week.
Half-time substitute Flores struck after 85 minutes to give Peru their third consecutive win and lift them on to 20 points and fourth place in the 10-team South America section.
While the Indian players were picked through the auction, the teams acquired international players through the International Player Draft, which had a pool of 14 players.
Argentina drew goalless with Brazil, while Bolivia boosted their chances with a 3-0 win over Uruguay.
The win extended Brazil’s home run in the qualifiers to 11 consecutive victories, a record in the South American region.
The 21-year-old became only the seventh Indian male boxer to secure a medal in the marquee competition.
The debutant advanced to the 54 kg semifinals with a superb win over former Olympic silver-medallist Yoel Finol Rivas of Venezuela.
The results leave Brazil in top spot with 28 points, six ahead of Argentina.