The seven-time champions, who had never lost in the tournament until Monday's defeat to South Korea, slumped 18-27 to Iran in the semi-finals to finish with a Bronze Medal.
Until this week, India had only ever lost once before in the home-grown, breath-holding sport, after they went down to South Korea at the 2016 World Cup.
India are now relying on their Women's Team, the two-time reigning champions, to defend National honour in their final against Iran.
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