India’s formal job sector is experiencing a significant boom, with forecasts predicting a remarkable 14.5 million net additions in the fiscal year 2024-25, surpassing previous records. The recent decrease in new EPFO registrations could be attributed to the absence of incentives, however, the rise in formalization facilitated by wage digitization is driving the growth of jobs in the country. The government’s efforts, such as employment-linked incentives, are anticipated to stimulate more establishment registrations and contribute to the expansion of the formal job sector in India.