the fact that we even had pace bowling talent to burn away a decade ago is often overlooked. That was a success of the early efforts made to develop more quick bowlers. The influx of Pathan, Sreesanth, Munaf, RP Singh, etc was a bit of a golden generation of quick bowling talent, but poorly managed because the Indian National setup never actually had those sorts of resources to manage before. Lessons were learnt and now we better manage our quick bowlers. So now that a new generation of talent has cropped up we're actually able to manage them well.
Structural issues still exists. Like, all our best young batting talent still end up batting in the Top 4 in FC and Top 3 in List A stuff, which means we consistently struggle to find really good middle order options. We still can't regularly produce reliable slip catchers. Our selectors are still way too loyal to experienced players, which makes transitioning much harder. Our current middle order all debuted internationally a couple of years too late, and it feels like our next generation of middle order bats will suffer the same fate.
We're also not great at backing players who fail the eye test, even if they have the numbers to justify their position. We don't use JAMODIs/JAMT20Is effectively to build towards World Cups. There is still an obsession with young players - if you haven't played for India before your mid 20s, you'll probably never get picked, despite your domestic successes.
Still a long way from perfection, but the story of our pace bowling stocks is one of a lot of hard work, a lot of investment, and is a great success for all those involved.