The amendment to give 64-year-old Xi an indefinite term effectively ended the collective leadership system followed by the ruling Communist Party of China (CPC) to avert a dictatorship from emerging in an otherwise one-party state akin to the era of Mao which witnessed the most brutal events like Cultural Revolution resulting in the killings of millions of people.
Set for his second five-year term as president this month, Xi, the most powerful leader in recent decades heading the CPC and the military, will now be the first Chinese leader after founder chairman Mao to remain in power lifelong.
The amendment removing the term limits for the president and the vice president was approved by the NPC with 2,958 in favour, two against and three abstentions, official media reported. The two votes of dissent apparently had official sanction to show a semblance of diversity.
For today's vote, the NPC chose to follow paper ballot system instead of hand raising and electronic voting.
Xi stood up first at the Great Hall of the People in Beijing to cast his paper ballot in a red box.
The removal of the term limit was regarded as the biggest political change in the one-party system which has remained in force in China since 1949.
Ahead of the vote by deputies in the NPC, the seven member Standing Committee - the topmost body of the CPC - unanimously approved the amendment to abolish the presidential term limits.
Observers say the constitutional amendment in effective paves the way for China's transition from being a one-party state to a one-leader state with Xi, described by some as an "Emperor", to remain in power in the foreseeable future.
The proposal of a limitless tenure for Xi has sparked worldwide concerns specially in China's neighbourhood.
For India, observers say, Xi's continuation will have particular significance, especially in the backdrop of last year's 73-day-long Dokalam standoff where Chinese troops tried to build a road in the area claimed by Bhutan to reach close to India's narrow corridor connecting its northeastern states.
Under Xi, China has poured billions of dollars into India's neighbourhood in projects like China-Pakistan Economic Corridor traversing through PoK, projects in Nepal, Sri Lanka and Maldives, raising India's strategic stakes.
Significantly, today's amendment also removed term limits for the vice president.
The inclusion of the vice president was notably aimed at reinforcing Xi's support base as his trusted lieutenant, 69-year-old Wang Qishan, is tipped to take over the post despite a widely-followed convention by Chinese leaders to retire after 68 years of age.
Wang headed the dreaded anti-graft campaign carried out by Xi since he began his first term in 2013.
Xi began his second five-year term as General Secretary of the CPC and Chairman of the Central Military Commission last year after the once-in-five-years congress of the party endorsed him for a second term. Two five-year tenures were permitted for top leaders of the party.
His predecessors - Jiang Zemin who was in power from 1993 to 2003 and Hu Jintao from 2003 to 2013 - stepped down as the General Secretary of the party as well as president after a widely followed rule as well as a convention of two terms to promote collective leadership system in the one-party state.
The president's post is largely ceremonial while the real power rests with the CPC General Secretary and Chairman of the Military Commission, the overall military high-command.
But the president is the only one with a formal limit of two terms - introduced by late paramount leader Deng Xiaoping to prevent another lifelong dictatorship after Mao's rule.
The NPC also endorsed another constitutional amendment to enshrine Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era into the country's Constitution.
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