The Atlantic has a decent piece on the background/consequences of the Mumbai attacks.
The immediate result of the Mumbai terror attacks will be a further hardening of inter-communal relations within India. The latest attacks will also increase the likelihood that in national elections slated for early 2009, the result will be a BJP-led government, as Hindus, who comprise the overwhelming majority of Indian voters, take on another layer of insecurity.
Internationally, this event will further aggravate Indian-Pakistani relations, making it harder for the incoming Obama Administration to effect a rapprochement between the two countries, necessary for progress in Afghanistan, where the two subcontinental states are engaged in a proxy struggle that goes on behind the immediate conflict between the United States and al-Qaeda.
Full article is
here.