The import of original sculptures and statuary to India is projected to rise steadily from $127.75 million in 2024 to $157.65 million by 2028. Over the forecast period from 2024 to 2028, the imports show a consistent year-on-year increase, reflecting a growing appreciation and demand for art in India. Historically, the market saw modest growth through 2023, which set the stage for this predicted upward trend. The compound annual growth rate (CAGR) over the five-year forecasted period is indicative of a robust average annual increase.
Future trends to monitor include the impact of economic stability in India on consumer spending in luxury and art markets, changes in cultural policy affecting imports, and the influence of digital platforms in promoting sculpture art within India’s evolving art ecosystem.
