The upcoming 2025 budget presents a critical juncture for India. As global economic uncertainties and geopolitical tensions loom large, the choices we make today will determine whether India can sustain its growth trajectory and emerge as a global leader in the coming decades. While India has made significant strides, particularly in building a world-class digital public infrastructure, our policy framework needs a fundamental shift to capitalise on the opportunities before us. I outline three key expectations that should be central to the 2025 budget. India’s regulatory bodies, particularly the RBI, SEBI, and tax authorities, have traditionally prioritised stability and risk…