The chapter deals with three transformative theses and their possible impact and consequences in South Asia. The author examines the impacts of globalization, democratic peace, and human security to find whether these have changed elite mindsets in the subcontinent. He finds that none of these alleged changes have impacted on the way Indian and South Asian elites imagine their neighbourhood. First, globalization has divided the subcontinent along economic lines that complicate India’s neighbourhood policies further. Second, the dynamic of globalization has unfolded within the given geopolitical parameters of South Asia and, therefore, no liberal order has grown within the region. This episode brings out the disjuncture of economic and political dynamics in this region despite two decades of globalization. Third, democratic peace has no credibility in South Asia given the intense geopolitical competition between India and Pakistan that also affects the foreign policies of smaller states. The state in South Asia has dominated the agenda of non-traditional security and defined it. South Asian states continue to suffer from fears and tensions since most of these insecurities stem from within and are the products of the state.