Narendra Modi’s third term as India’s prime minister, secured through the BJP-led NDA coalition’s parliamentary majority following the 2024 general election, underpins the overwhelming trader consensus against his departure by December 31, 2026. His government continues to control legislative arithmetic, with no scheduled national vote until 2029 and recent milestones such as surpassing prior records for consecutive days in office reinforcing institutional stability. Ongoing protests over electoral roll revisions and youth discontent with jobs and prices have prompted opposition mobilization and security measures in Delhi, yet these have not triggered coalition defections, no-confidence proceedings, or internal party challenges capable of forcing an exit in the narrow remaining window. Late developments like health events or sudden alliance shifts remain the primary low-probability variables that could still alter positioning.