If that happens, then we would've blown it, as a result of favoring Pakistan over India.
Indians see US from the prism of Pakistan. much before Bush said this - it has been official indian policy " You are with us or with the terrorists" and US by supporting pakistan and Mujaheddin was seen to be supporting terrorists. Pakistan has been causing mischief since 1948 through renegades.
Indians warmed up to US after september 11th and were very glad ( but sorry about the deaths ) to note that US is no longer with the terrorists.
Here's my take on the common point you both make on the improved relations between the US and India. Few may agree, but Inda had better relations with the US just before 9/11 than now. Pakistan was listed as rogue state by our state department and largely ignored. India provided support for the Gulf war in which it didn't have much of an ax to grind, as it does now in the war against terrorism. Ever since Pakistan was enlisted as a "front-line ally" against terrorism, the Indians have been wringing their hands in frustration but going along. Even The Economist suggested then that Pak was more likely to be a target than an ally. I am sure India has felt that way too.