How record auctions are fuelling India's art boom

India's art market is booming, with record auctions fetching millions for artists like Gaitonde and Souza, despite global declines. The market, valued at $338m, is projected to reach $1.1bn by 2030. Factors contributing to this growth include rising wealth, increased diaspora interest, tax cuts, and a new wave of buyers. The trend is also driving investment in public art spaces and institutions, signaling a sustainable resurgence in India's art scene.