Better tbh. Don't think like Aussies it will end.
More apt comparison would be USA in basketball.
Like I have said before - A cricket crazy country of 1.4 billion (and growing) should dominate the sport like crazy. Only bottleneck has been poverty. And now as that is going away, India is realizing its potential. Of course, there are decades of growth left so team will keep on getting better and better.
And I disagree previous generation was bad. They prolly had the GOAT Indian red ball team from 2015-2021 (still stuttering along till 2024) with the best home record ever plus away series wins in Aus (twice), a draw in Eng and SA.
But India has become better now.
Last 6 u19 WCs India has lost 3 matches and those were the 16, 20, 24 finals. Each batch is producing 2-3 good players. Now those batches are linking up and achieving maturity.
By the early 2030s you will have the likes of a prime Pant, Jaiswal, Gill, Sundar etc playing together along with the likes of Suryavanshi.