According to @godbole17, India’s counterterrorism doctrine has been redefined but Pakistan will adapt by routing operations via third countries such as Afghanistan, Bangladesh, or Turkey, sustaining cross-border risk for India, source: Omkar Godbole on X, Nov 22, 2025. He likens this adaptation to the U.S.-China tariff episode where trade rerouted to third countries to circumvent duties, a diversion documented in official data, source: UNCTAD Trade and Development analysis 2019. For traders, previous India-Pakistan escalations in Feb 2019 coincided with a weaker rupee, equity drawdowns, and a spike in India VIX, highlighting sensitivity of Indian assets to security shocks, source: Reuters market report Feb 27, 2019; NSE India VIX data. In crypto, macro risk shocks have increasingly moved BTC and ETH in tandem with equities since 2020, implying potential near-term downside correlation if regional risk aversion rises, source: IMF Blog Crypto Prices Move More in Sync With Stocks, Jan 2022. Key monitors include USDINR spot and options-implied volatility plus India VIX to gauge stress, with USDINR data from the Reserve Bank of India and volatility metrics from the National Stock Exchange, source: RBI data; NSE India VIX.