Narendra Modi's position as prime minister remains anchored by the BJP-led NDA coalition's parliamentary majority in the Lok Sabha, with no national elections scheduled until 2029 and no formal term limits applying to the office. Recent months have shown stable coalition dynamics and consistent government operations without successful no-confidence motions or major internal party challenges. Traders assign a 96.5% implied probability to Modi remaining in office through December 31, 2026, reflecting the low base rate of mid-term leadership changes in India's parliamentary system. Realistic factors that could still shift odds include sudden health developments, coalition partner defections, or unforeseen legal or constitutional events, though none have materialized in the current cycle.