2023 Best Performing Year for Indian Art Industry Ever

By: Rachita Sharma, Managing Editor | Tuesday, 27 June 2023

“Art is too important not to share.” This quote by Brazilian artist Romero Britto puts into simple words the crucial role that art plays in human life. Without art, life would be devoid of feeling and expression. Other than being a vital part of the human experience, art has also emerged as a lucrative business industry. The Indian art industry is a prominent player in the global art world. Fuelled by India’s booming economy, the Indian art market is slated to have its ‘best-performing year’ in 2023. According to the Indian Art Investor’s Indian Art Market Report, the industry earned revenue of $75.8 million as of 30 September 2022. The ‘State of the Indian Art Market Report FY23’ by Grant Thornton Bharat and Indian Art Investor, announced that the Indian art market saw a turnover of $144.3 million in FY23. This is a nine percent increase in turnover. With the market booming, the architects of this success must be acknowledged. The Women Entrepreneur India magazine brings to you a list of illustrious women leaders taking the Indian art industry to new heights. On the cover we have Deepa Nand, Founder & Partner, Gallery Art & Soul. Deepa is an ardent & passionate art professional who holds an appreciation for Indian arts and is displaying the same through her art gallery - Gallery Art & Soul. The establishment of Gallery Art & Soul was born with an amalgamation of a syncretic vision of art (to support emerging talent) and provide support for the field of cancer research for which the gallery has produced stellar charity galas and salon exhibitions as a nonprofit foundation.

Reena Surana, Founder, ARTYFACTS By Reena is another woman leader featured in the current magazine issue. An Economics graduate with an additional MBA degree, Reena is passionate about art and has been in the industry for 15 years now. She strongly believes in the healing and therapeutic powers of art and has thus conducted many Art Therapy and Corporate Wellness Art Workshops so far. She is joined by Gitanjali Maini, Founder & MD, Gallery G who is an art patron and entrepreneur who believes in supporting and growing the art ecosystem through the gallery and art-related institutions. She has won several Accolades for her work including the Art Mantram Lifetime Achievement Award, and the Hello Hall of South Award 2023 for building an Art Ecosystem, amongst many others.

Reshma Jani and Shwetambari Bhatt, co-founders of Trinity Art Impact are also part of the coveted list. While Reshma is a fashion designer, turned art professional, Shwetambari is a Hotel Management graduate who is also qualified in art from Christie’s, London. The current edition of the magazine also features the journey of GeetaNallani, You Art. Geeta is a visionary entrepreneur and creative force in the fields of textiles, interior design, and art.

Read on to know these women leaders from the art industry up-close.

Do let us know your thoughts.