Monthly Tax Bulletin: March 2026
NewsletterThe March 2026 edition of the Grant Thornton Bharat Monthly Tax Bulletin provides a concise summary of key developments in direct taxes, FEMA, transfer pricing, and indirect taxes for February 2026.
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India’s aviation sector is going through major changes with big airport projects almost ready. Navi Mumbai Airport will begin operations by December 2025 and will offer modern facilities and easy connections to metro, rail, and road transport. Noida International Airport will soon be India’s largest airport with six runways and the capacity to handle 70 million passengers every year. These projects will make travel faster and more convenient for millions of people.
Along with the UDAN scheme, which has already added over 600 routes and more than 80 airports, these developments are improving access to smaller cities and boosting regional growth. Together, they are helping India become a strong player in global aviation and meet the rising demand for air travel.
The aviation industry is rapidly adopting digital solutions to enhance travel experience and increase safety. Initiatives such as Digi Yatra, biometric screening, and AI-powered security systems are enabling passengers to enjoy smooth, contactless journeys. Predictive analytics also enable airlines to plan more efficient schedules and reduce fuel consumption.
However, as more systems go online, the risk of cyberattacks is growing. Protecting passenger data and maintaining operational security has become a top priority for airports and airlines, making robust cybersecurity measures essential for the future of air travel.
Indian airlines are no longer just regional players, they are building global connections and competing on the world stage. Indigo leads with a 64% market share in India, even as it introduces international routes. Air India with a fleet of over 300 aircraft is also expanding its international network.
Safety remains the top priority for India’s aviation sector, with authorities tightening rules through audits and advisories to ensure high standards. Modern aircraft are equipped with advanced systems, including ground proximity warnings, collision avoidance, and flight data monitoring, while airlines prioritise rigorous crew training and regular emergency drills.
At the same time, cyber risks are increasing, with more than 80,000 attack attempts reported recently. The aviation cybersecurity market is expected to grow from USD 160.2 million in 2024 to USD 272.9 million by 2033, underscoring the urgent need for robust security frameworks, regular system checks, and enhanced oversight of third-party vendors. These measures are crucial for keeping passengers safe and maintaining trust in an increasingly digital aviation environment.
India’s aviation sector is poised for strong and steady growth, driven by larger aircraft fleets, new airports, and green initiatives that align with global net zero goals for 2050. Airlines and airports are investing in fuel-efficient planes and sustainable aviation fuel to reduce emissions.
India’s aviation industry is moving into a new era of growth and innovation. With improved infrastructure, advanced technology, and enhanced safety and security measures, the sector is poised for a future that is safe, sustainable, and globally competitive.
The March 2026 edition of the Grant Thornton Bharat Monthly Tax Bulletin provides a concise summary of key developments in direct taxes, FEMA, transfer pricing, and indirect taxes for February 2026.
The February 2026 edition of the Grant Thornton Bharat Monthly US Tax Bulletin provides a concise summary of recent key developments in federal and state taxes in the US.
The Monthly Tax Bulletin February 2026 provides a concise overview of the latest direct tax, indirect tax, transfer pricing and FEMA developments, including judicial pronouncements, regulatory changes and compliance implications affecting Indian businesses and tax practitioners.