India’s formal job sector is experiencing remarkable growth, with forecasts predicting a historic 14.5 million net additions in fiscal year 2024-25, surpassing previous records. Although there has been 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 a rise in establishment registrations, further bolstering the job market.