Pawar, Union Agriculture Minister, also said since Congress was the majority party in the UPA, his party would respect its view on the alliance's prime ministerial candidate.
"UPA's position has become vulnerable after DMK's pullout. We have to prepare and plan for elections. I have suggested to the UPA chairperson to convene a meeting to discuss this and she is also of the same view," Pawar told reporters.
Amid conflicting voices on who should be the UPA's candidate for Prime Minister's post, Pawar said the coalition's spearhead Congress would have to take a call.
Pawar's statement follows similar hints by Samajwadi Party supremo Mulayam Singh Yadav, who had last month asked his partymen to gear up for a mid-term poll, citing a "confidential" report.
"I have come to know about a confidential report which says that elections will be held in November. You people start preparing for them," he had said addressing party workers in Lucknow.
The Samajwadi Party with 22 MPs and BSP with 21 are providing crucial outside support to the government and bailing it out in times of crises.
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