India’s formal job sector is experiencing a significant boom, with forecasts suggesting a remarkable 14.5 million net additions in fiscal year 2024-25, exceeding previous records. Despite a decrease in new EPFO registrations, which may be attributed to a lack of incentives, the surge in formalization propelled by wage digitization is driving employment expansion. Government schemes such as employment-linked incentives are anticipated to enhance establishment enrollments, contributing to this positive trend.