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Covid-19 and the future of India’s art industry

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With events cancelled, programming stalled and sales in a limbo, is there a silver lining to the crisis facing India’s art industry?

The art calendar worldwide is a packed affair, except for the high-summer months. Boozy openings, private viewings, heady auctions—the business of art thrives on social networking in the physical world.

In the last few weeks, though, a lull has descended. The novel coronavirus has hit the industry, whose global sale was valued at roughly $64.1 billion (around ₹4.83 trillion) as of 2019 (according to a report by Art Basel and UBS), leaving its future uncertain.

As the covid-19 contagion pushed the world into lockdown, events like Art Basel in Hong Kong and Art Dubai, both scheduled for March, and Frieze New

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The economy is recovering, says President during meeting with professionals
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