Narendra Modi remains firmly in office as India's prime minister in his third consecutive term following the 2024 Lok Sabha elections, with the current parliament's term scheduled to run until mid-2029. Recent developments, including his completion of 25 uninterrupted years as head of government in October 2026 and ongoing public engagements on infrastructure and policy, reinforce continuity. Fake resignation claims circulated earlier in the year were officially debunked by government sources, and no verified reports indicate health, coalition, or internal party pressures that would force an exit before the end of 2026. Traders' 95.4% implied probability for "No" reflects this structural timeline and absence of imminent triggers. Low-probability shifts could still arise from unforeseen health developments, a sudden collapse of the NDA coalition, or an unanticipated early dissolution of parliament.