"I don't see early elections. Elections will be held in due course," he told reporters at the Rashtrapati Bhawan after the swearing-in ceremony.
Asked whether this would be the last reshuffle, he said: "Hopefully, probably this is the last reshuffle."
On Congress general secretary Rahul Gandhi, the prime minister said he always wanted him in the government but he has pre-occupations. "He wants to strengthen the party," he said.
Asked what was the message from Sunday's exercise, he said it is a combination of youth, experience and relevance of portfolios.
On being asked what the road ahead is, the prime minister replied that the road ahead is full of challenges.
To a question about the proposal to move some people from government to party, he said: "The party also needs men and women of experience to strengthen it. They will be equally productive in the party."