New Delhi, May 14 -- The past few days have seen notable shifts of geopolitical and trade significance. Prime Minister Narendra Modi has reset red lines for India's engagement with Pakistan. Elsewhere, the US and China called a momentary truce in their trade war, with talks underway on a bilateral deal. As history is moving at a frenetic pace, even if only in fits and starts, New Delhi should revisit its calculus of global relations.

As part of a new doctrine spelt out by the Prime Minister vis-a-vis Islamabad in his address to the nation on Monday, he made it clear that India's anti-terror action was merely on pause and Operation Sindoor had set the "new normal" of Indian policy. Terror planners and their state sponsors would be treated...