Indian Defense Minister George Fernandes has already said that it won't happen before September, after the elections in Kashmir are held. In fact, he's ordered his officers to take all this year's vacation by September, and a lot of them are now doing so.
I think the chances of an imminent war are quite slim.
All it would take is another large terror attack. The Indians are on a hair trigger. If there are no more terror attacks this summer, then India will likely stand down.