IPL is really created to find the young talents in India and we also have to accept that it changed the cricket era to the next level after the introduction of IPL but now IPL is now turning into more business than sports so we may see the increase in the overseas player limit but I don't think there will be an increase in the teams because they tried it in the past but it didn't worked.
Nope. IPL was not created to find young talent. We have various domestic tournaments, especially the Ranji Trophy to do that job. The main purpose of the IPL is to funds to the BCCI, so that they can develop the domestic cricket tournaments. IPL was always a business and will be so for the remainder of its lifespan. They are considering increasing the number of teams to 9, and a number of industry heavyweights (especially Adani and Goenka) are making their moves. Let's see whether the new team will be permitted from 2021 or not.