There will be no bilateral cricket series between India and Pakistan until 2027.

The BCCI cannot make a decision on a bilateral series with Pakistan until the Government of India gives its approval.
The number of bilateral matches India will play across formats has decreased from the previous cycle (163 to 141) due to an ICC event every year and a larger dedicated window for the Indian Premier League (75-80 days each season), but BCCI secretary Jay Shah indicated in a circular that the quality of the content had improved.
However, the number of home Tests has increased, as has the optimal mix of quality opponents across all three international formats. A regular IPL season, combined with a fixed home season, allows for ideal preparation against quality opponents in the appropriate format prior to ICC events.
India will play more frequently against Australia and England, with a Test or white-ball series scheduled each year (either home or away).
Every two years, India will play five-match Test series against both England and Australia on a home-and-away basis, with one home series every four years. There will also be standalone tours (home and away) of three ODIs and five T20Is. 
Thus, India will play 5 Tests, 3 ODIs, and 5 T20Is (Home and Away) against Australia and England in the cycle, with each year consisting of one annual series (either red ball or white ball).
With T20 matches against the West Indies and New Zealand generating increased fan interest, India will host 5 T20Is against these teams.
According to the circular, the BCCI considered three factors when finalizing the FTP.
Content, including international format balance; quality of opponents across formats, both at home and away; regular home season and fixed annual IPL windows.
The ICC has now received a 20% (excluding surcharges) tax order from the Indian tax authorities for its broadcast revenue for the 2023 event. The BCCI is currently working with the Ministry of Finance, Government of India, and has represented against this 20% (excluding surcharges) tax order at the highest level, with the hope that a 10% (excluding surcharges) tax order will be issued soon, the BCCI informed its members.