Competition for India Art Fair Emerges After 15 Years in New Delhi

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Celebrating its 15th anniversary this week, the India Art Fair (IAF) in New Delhi, South Asia’s leading commercial art event, is back at the NSIC Exhibition Grounds for its largest edition yet, featuring 72 galleries. The fair’s director, Jaya Asokan, notes the growth of India’s art market in line with the expanding economy. Despite facing challenges in its early years, the Indian art market has rebounded, with secondary market figures surpassing previous highs. The increased presence of private institutions and biennials has also contributed to a more sustainable art ecosystem.

IAF has been a crucial player in supporting the market, paving the way for the growth of the region’s non-profit organizations. The emergence of Art Mumbai last year has added competition to the market, prompting questions about its sustainability. Asokan welcomes the expansion of the art ecosystem and acknowledges the potential saturation point with multiple art events.

In response to the evolving market, IAF introduces a new design section this year, showcasing collectible design pieces. The addition of this section recognizes the role of interior designers as key collectors in India’s art market. With a growing demand for art in new homes due to construction booms in Indian cities, the fair aims to foster cross-disciplinary collaborations and push the boundaries of design.

Innovation remains crucial in staying ahead of the competition, but IAF continues to leverage the region’s rich traditions of artisanship and craft to expand the market.

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