Narendra Modi’s third term as prime minister runs until mid-2029 following the 2024 Lok Sabha elections, with no scheduled national vote or constitutional trigger for removal before then. As of September 2026, he continues official duties including project inaugurations and diplomatic engagements, while the BJP-led NDA maintains its parliamentary majority and has publicly affirmed his leadership. Recent developments such as July student protests prompted a cabinet minister’s resignation but produced no challenge to Modi’s position, and a viral fake resignation letter was officially debunked. Opposition statements predicting an early exit remain unsubstantiated partisan claims without institutional backing. Traders therefore price a low probability of departure by year-end, consistent with the absence of credible mechanisms or confirmed events that would force a change in the near term.