Arshdeep Singh, who was impressive during IPL 2022, has received a maiden call-up to the ODI squad.
He becomes the first pacer to captain India since Kapil Dev in 1987.
India have a captaincy puzzle to contend with ahead of the high-stakes contest.
However, Sehwag maintained that if the team management sticks with its current policy of having one captain to lead India across the three formats, then Sharma is still an ideal choice.
Rohit Sharma has been rendered doubtful for the Edgbaston Test against England after testing positive for COVID-19.
The Test match is scheduled to begin from July 1 in Birmingham and if Rohit remains in six-day isolation, either pacer Jasprit Bumrah or wicket-keeper batter Rishabh Pant could be asked to lead the team.
India's best player on day-one was Srikar Bharat who was unbeaten on 70.
Two-time Indian Premier League champions Kolkata Knight Riders posted images of Pat Cummins, Aaron Finch, Sunil Narine and Ajinkya Rahane with their children.
Rohit Sharma and his family stayed at a luxury five-star villa called Soneva Jani, which costs a whopping Rs 2.65 lakh per night.
Delhi Capitals lost to Mumbai Indians by 5 wickets to finish fifth in the league.