For Pakistan:
For India:
- Loss of international support.
- Mirage deal with France stands a good chance of cancellation.
- Fundamentalist leaders gain more public support.
- Kashmir gets internationalized, but not exactly the way Pakistan wanted.
For India:
- Indian stock exchange sensitive indices touch an all time high.
- New spurt of nationalism.
- Hindu-Muslim tensions ease as both take part in supplicatory prayers and rallies for Kargil jawaans.
- War tax likely to cover up expenses of the war.
Comment