It will if it starts to dramatically affect corporate profits in addition to the lower class.
I believe that’s what started happening around 2018 and made him actually unpopular enough that he would lose seats, so he did the funni 2019 air skirmish (which technically backfired) to gain rapid support prior to elections.
I’d love to see it happen again, partially because I think PAF vs IAF is fun to watch, but Modi seems to be popular as ever and doesn’t seem to be worried like last time.