Narendra Modi continues to lead India’s BJP-led coalition government with a parliamentary majority, marking 25 uninterrupted years in public office as of October 2026. No scheduled general election falls before 2029, and internal party dynamics show no viable challenge to his leadership, with analysts noting reluctance even to discuss succession. Recent protests over voter-roll revisions, exam integrity, and economic pressures have prompted opposition mobilization and limited concessions, such as a cabinet resignation, yet these have not eroded the government’s institutional control or produced credible pathways to removal. Traders price the near-term stability reflected in these structural and political realities.