Narendra Modi’s current term as Prime Minister extends through the 18th Lok Sabha until mid-2029, with no scheduled national elections or constitutional term limits intervening by December 31, 2026. Recent developments reinforce expectations of continuity, including Modi’s October 30 statements committing to serve “till the last breath” and BJP affirmations that he will contest and lead in 2029. Ongoing youth-led protests over unemployment, voter-roll revisions, and institutional issues represent the most notable pressure since 2014, yet the NDA coalition maintains parliamentary stability and the government continues routine policy implementation without signs of internal fracture. Traders price the 97% probability for “No” on the basis of this structural timeline and absence of credible removal mechanisms. Rare scenarios that could still shift odds include a sudden health event, major scandal prompting resignation, or an unexpected no-confidence vote, though none appear imminent based on current evidence.