India's victory against the Australians in 2001 marked the beginning of a dream era for the team under the captainship of Sourav Ganguly, winning Test matches in Zimbabwe, Sri Lanka, West Indies and England. India also shared a joint victory with Sri Lanka in the ICC Championship, and went on to the finals in the 2003 Cricket World Cup only to be beaten by Australia.[8]
2015 saw the beginning of India's dominance at home in Test matches under new captain Virat Kohli when they comprehensively beat South Africa. This series was the beginning of an unbeaten streak of 19 Test matches for India which was brought to an end by Australia in early 2017. This series also saw the emergence of Ravichandran Ashwin and Ravindra Jadeja as two of the best spinners and all-rounders. They spun webs around touring batsmen, much like the spinning quartet of the 1970s. This was followed by limited overs victories over Australia and Sri Lanka away from home. India was knocked out of the 2015 World Cup in the semi-final stage, to eventual winners Australia. India began 2016 by winning the 2016 Asia Cup, remaining unbeaten throughout the tournament, beating Pakistan along the way. India were favourites to win the 2016 ICC World Twenty20 which was being held at home, but they lost in the semi-final to eventual champions West Indies. Virat Kohli was again named the man of the series.

Many of the Indian cricket team's records are also world records, for example Sachin Tendulkar's century tally (in Tests and ODIs) and run tally (also in both Tests and ODIs). Mahendra Singh Dhoni's 183 not out against Sri Lanka in 2005 is the world record score by a wicketkeeper in ODIs. The Indian cricket team also holds the record sequence of 17 successful run-chases in ODIs,[115] which ended in a dramatic match against the West Indies in May 2006, which India lost by just 1 run when Yuvraj Singh was bowled by Dwayne Bravo's full toss.
The key to India's bowling in the 1970s were the Indian spin quartet – Bishen Bedi, E.A.S. Prasanna, BS Chandrasekhar and Srinivas Venkataraghavan. This period also saw the emergence of two of India's best ever batsmen, Sunil Gavaskar and Gundappa Viswanath. Indian pitches have had the tendency to support spin and the spin quartet exploited this to create collapses in opposing batting line-ups. These players were responsible for the back-to-back series wins in 1971 in the West Indies and in England, under the captaincy of Ajit Wadekar. Gavaskar scored 774 runs in the West Indian series while Dilip Sardesai's 112 played a big part in their one Test win.

Ganguly became the regular captain of the team in both Tests and ODIs in 2000. He remained captain until 2005–06 and became the then most successful Indian captain, winning 21 of his 49 Test matches in charge and 76 of his 146 ODIs. Under his captaincy, India became the joint-winners of the 2002 ICC Champions Trophy with Sri Lanka, and the runners-up of the 2003 Cricket World Cup. India lost only three Tests at home under Ganguly and managed to draw Test series in England and Australia. Rahul Dravid took over as Test captain in 2005. In 2006, he led India to its first Test series victory in the West Indies in more than 30 years.
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