On Monday, the Board of Control for Cricket in India (BCCI) invited Pakistan team to tour India in the month of December for three One Day Internationals and two Twenty20 Internationals.
If Pakistan tours India in December, it would be the first bilateral series between the two countries since 2007.
"The resumption of the cricket series is welcome news for people and cricketers alike. The competition in such a series is so high that it's important for the players. Players from both the sides miss such matches and they want to be part of it," Misbah was quoted as saying by Pakistan's "Paktribune" website on Monday.
"Not only Pakistani cricketers but also Indian players wait for Pak-India series which is more important than Ashes and it always proves very significant for the careers of many players as some get great boost and become national hero and some were fired due to bad performance," he added.
On Pakistan's players' relations with Indian counterparts, Misbah said: "Yes, we have very good relations with Indian players as cricket is like a family and we all are family members so we miss each other and when we play together, we even enjoy a lot despite being very aggressive."
Pakistan Twenty20 captain Mohammad Hafeez also welcomed the move and said it was "good news."
"It is very good news for us as well as millions of cricket fans. PCB chairman Zaka Ashraf really worked hard for this and by the grace of Allah Almighty his efforts bore fruit and now we will play against India and provide cricket fans the moments which they were waiting for many years," he told "Paktribune" website.
"I hope that the Indian team would also tour Pakistan and play with us to help Pakistan reviving international cricket here," Hafeez added.