India’s formal job sector is witnessing a significant boom, with forecasts suggesting a remarkable 14.5 million net additions in the fiscal year 2024-25, surpassing previous records. Despite a decline in new EPFO registrations, possibly attributed to the absence of incentives, the surge in formalization propelled by wage digitization is driving the expansion of job opportunities. Government schemes such as employment-linked incentives are anticipated to stimulate establishment registrations even more, contributing to the growth of the formal job sector in India.