Where does India stand after India England Test series?

Lots of Indians/England fans are asking following question:
Where does India will stand after loosing this series?
Where does England will stand after loosing this series?
What will be the effect in the ICC Test ranking  after the different possible result of India Vs England result?
ICC Rank position status after India Vs England series result.
India v England test series 2011 is going to be a straight battle for top position in ICC rankings. Currently, India are no.1 but if England, at home, can topple them, they surely have a chance to be the first ranked team in toughest format for the first time since ratings were released. here's how permutations and combinations pan out..

If England win :- 1-0 : Equal India at 121 points but stay 2nd as India will have 2 ratings more. 2-1 : Equal India at 121 points but stay 2nd as India will have 2 ratings more. 2-0 : They become no.1, with 123 points while India demote to 2nd with 120 points. 3-1 : They become no.1, with 123 points while India demote to 2nd with 120 points. 3-0 : They become no.1, with 124 points while India demote to 2nd with 119 points. 4-0 : They become no.1, with 125 points while India demote to 3rd with 117 points.

If India win :- 1-0 = They stay no.1 with 127 (+2) while England remain 3rd with 116 points (-1). 2-1 = They stay no.1 with 127 (+2) while England remain 3rd with 116 points (-1). 2-0 = They stay no.1 with 128 (+3) while England remain 3rd with 114 points (-3). 3-1 = They stay no.1 with 128 (+3) while England remain 3rd with 114 points (-3). 3-0 = They stay no.1 with 129 (+4) while England remain 3rd with 113 points (-4). 4-0 = They stay no.1 with 131 (+6) while England remain 3rd with 112 points (-5).

Series draw :- 1-1 = England become no.2 with better rating than South Africa. India stay no.1. 2-2 = England become no.2 with better rating than South Africa. India stay no.1.