Logically there is no reason for India to go for a peace agreement, vocally it should tow the peace narrative but Pakistan is like a vulnerable old man - why should India not go in for the final kill against its primary adversary for decades when it's about to collapse?Time for Pakistan, and India, to work hard on a strong and real peace agreement.
As Egypt with Israel for exemple. They were hard opponents and now are living in peace, without love, but in peace and some respect.
Peace will only be vocally - India is in a very powerful position of strength and I don't think its government is feeling generous enough to not utilise this clear advantage
Pakistan is socially divided and weak, India claims Kashmir, going in aggressively in the background could make it quite possible to take Kashmir and maybe even other parts considering the social strife