Common sense tells me that....
1. We have not yet convincingly demonstrated that we had an upper hand during this entire episode.
2. Modi probably has no incentive to call it off now and let politics begin in full flow. It suits him to keep opposition muted.
3. The GOI has not even once come out and properly given their version of events. Each time, it was pakistan coming out with a statement and India was kinda forced to give a statement of sorts. I would expect a proper statement at the end of hostilities.
4. It has never been clarified what objective actions India wants from Pakistan, in order to end hostilities. Either we don't know or there are no specific objectives..... Basically want to drag it for a while.
I therefore think there will be status quo in the foreseeable future till elections, with may be a few intermittent skirmishes to keep it simmering...... But a big flare up is unlikely..... Unless there is a big objective in mind. The only big objective I see.... Balochistan or pok. Not sure if he is prepared for it, he alone cannot decide it as US will need to play crucial role. Alternately, he may keep a gun on pakistan head and make fundamental changes in j&k, the response may remain muted from all quarters.
Basically, there are many possibilities this conflict has opened and perhaps only a few people know where are we heading.