Visual arts industry in India: Painting the future | KPMG | IN

Visual arts industry in India: Painting the future

Visual arts industry in India: Painting the future

The report covers the landscape of visual arts industry in India and imperatives to unlock its full growth potential.

1000

Also on KPMG.com

Visual arts industry in India: Painting the future

The report covers following features of the visual art industry in India :

  • Contemporary art picking up: While currently dominated by modern art, the Indian art industry is likely to witness contemporary art sales picking up, supported by a diversifying buyer base.
  • New generation of art buyers: While veteran collectors and institutions have fundamentally been driving the high-end of the Indian art industry, a new generation of art buyers, including entrepreneurs, company executives and professionals, such as doctors and lawyers, are driving the more affordable art segment.
  • Increasing online art sales: The online platform has emerged as a new avenue for sales in the visual arts industry, with a number of players offering curated, branded online auctions across an assortment of art and collectibles.
  • Involvement of corporates could take the industry a long way: Involvement of the private sector could help the industry in terms of raising funds, organising various art festivals and events, and promoting budding artists.
  • Public support is essential for sustainable growth: Government support, particularly in terms of funding, infrastructure, creating awareness and rationalising the tax structure would build a solid ground for the industry to flourish.
     

© 2018 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

Connect with us

 

Request for proposal

 

Submit