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, surpassing previous records. Despite a slight decrease in new EPFO registrations, which could be attributed to the absence of incentives, the rise in formalization propelled by wage digitization is driving the surge in job opportunities. The government’s efforts, such as employment-linked incentives, are anticipated to enhance establishment registrations even more, contributing to the growth of the formal job sector in India.