Bumrah recently returned to action after recovering from a back injury in the three-game T20 series against Australia which India won 2-1.
The 28-year-old, who completed rehab at the National Cricket Academy (CNA) in Bangalore, looked in great shape, but he has yet to find his old rhythm.
“I think he’s a fantastic bowler in any format, actually. His ability to get wickets in T20 cricket is key. He can play the death and he can play in front,” Waugh told the website. the ICC.
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Waugh chose Pakistani Shaheen Afridi as Bumrah’s new ball partner as they were the only two leaders in his top five which also included Afghan spinner Rashid Khan, Australian all-rounder Glenn Maxwell and England’s Jos Buttler.
“To open bowling at the other end, we will go with another great opening bowler, Shaheen Afridi from Pakistan, who is a terrific left-arm fast bowler,” Waugh said.
Calling Shaheen a wicket taker, Waugh said: “He kind of lifts the team. He’s a guy that other players follow.
“He’s a left arm, so that’s another point of difference. He can get the ball in the right-hander, he’s quick too, so I have him number two.”
Picking Rashid, Waugh said: “In all the competitions he’s been in, he’s just the one guy who you know is going to make four overs.
“He’ll probably get two or three wickets and make 20 runs, and he can hit. He can also hit the ball over the fence.”
On his rationale behind picking Buttler, the Australian said: “I think he’s probably the number one batsman in world cricket in the T20 format. He’s just a clean ball striker.”
The T20 World Cup will begin on October 16.