Narendra Modi’s third term as prime minister, secured in the 2024 general election, extends through 2029 under the BJP-led NDA coalition, which retains a parliamentary majority despite a narrower margin. Recent protests over electoral-roll revisions and youth-led demonstrations have drawn opposition support and prompted security measures, yet they have not triggered no-confidence motions, coalition fractures, or institutional moves that would force an early exit. Modi continues to lead official engagements, and analyses note ongoing party control alongside gradual declines in personal popularity and public fatigue rather than imminent leadership change. With general elections scheduled for 2029 and no verified signals of resignation or health-related withdrawal before the market’s December 2026 cutoff, trader consensus reflects the structural barriers to an early departure.
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