Langer admitted that announcement of the squad will leave some players 'brutally unlucky' but the recent performances have helped them instead of hindering the selection process.
While Smith is set to play for Rajasthan Royals, Warner will ply his trade for Sunrisers Hyderabad.
The Australian batsman took to Instagram to post a video of him having a crack in the nets after being out due to an elbow injury which he endured in the Bangladesh Premier League.
Finch's rough patch has extended to the T20s as he was out for zero and eight in the two T20Is which Australia won to claim their maiden series win in the shortest format in India.
Ponting's appointment comes a day after David Saker resigned as Australia's fast-bowling coach with immediate effect.
While Smith and Warner are recovering from elbow injuries, the likes of Matthew Wade, Mitchell Marsh, Billy Stanlake too have missed the cut for the India series.
Mahendra Singh Dhoni was adjudged the man-of-the-series for scoring 193 runs in the three-match ODI series.
Justin Langer said it is a blessing in disguise for the young Australian cricketers to play against class players like Virat Kohli and Mahendra Singh Dhoni.
India won the four-match Test series 2-1 against Australia with Pujara fetching the man of the series award with a total of 521 runs, including three hundreds.
Saker said both he and head coach Justin Langer had a heated discussion with the team after the end of day's play.
The interviews have taken the sheen off the Boxing Day Test between India and Australia which ended with the host losing by 137 runs.
Langer blamed the first innings batting flop-show -- 151 all out -- for Australia's defeat in the third Test at the MCG.
Kohli's heated exchanges with his Australian counterpart Paine in the second Test have been a subject of discussion.
About the Melbourne Cricket Ground, venue for the third Test, Langer offered caution knowing how the pitch plays out over the course of five days.
"Tim Paine is the toughest pretty boy I've seen, but he is incredibly impressive as a captain and a person," says Langer.
The new stadium at Perth has hosted only a couple international games, and this will be its first big game with the Indian team coming to town.
IndiaTV's cricket expert Sourav Ganguly has advised the Australian coach Justin Langer to keep in mind the behaviour of past Australian bowlers from India's previous tours before blaming Indians for over-the-top wicket celebrations.
The 113-Test veteran also cautioned the visitors to not be complacent and seize the moment.
Justin Langer said that at this moment, if the Australians celebrated like Virat Kohli, they would be termed as the 'worst blokes in the world'.
India have never won a Test series in Australia and their recent overseas record has also been poor with 1-2 loss to South Africa in February and 1-4 defeat to England in September.
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