India’s formal job sector is experiencing a significant boom, with forecasts suggesting a remarkable 14.5 million net additions in the fiscal year 2024-25, surpassing previous records. Although there has been a decline in new EPFO registrations, potentially attributed to the absence 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 registrations even more, contributing to this promising trend.