Narendra Modi’s third term as Prime Minister runs until the scheduled 2029 Lok Sabha elections, with the National Democratic Alliance retaining a working majority in the lower house following the 2024 results. Recent state assembly elections in 2026 showed the BJP-led coalition expanding its position in key states such as Assam and West Bengal, reinforcing legislative stability and reducing near-term pressure for early polls or coalition collapse. A July 2026 resignation by the education minister over NEET exam leaks addressed localized protests without triggering broader challenges to Modi’s leadership or government continuity. No verified developments indicate an imminent no-confidence vote, health-related exit, or snap election before the December 2026 cutoff. Traders price the “No” outcome at 92.7 percent because the five-year parliamentary term, coalition arithmetic, and absence of destabilizing events through mid-2026 create high structural barriers to Modi leaving office ahead of schedule.