Economic Liberalisation in India

Economic Liberalisation in India Largely closed since Independence as a form of protection against overseas private interests that may have sought to control its fragile post-colonial economy, India eventually opens to foreign investment in 1991, making the country subject, at least in part, to economic trends typical of globalisation.  Once collectors and institutions abroad gain wider commercial access to Indian art, prices for contemporary and especially Modernist art go up, cautiously, at first, and then with speed. This sparks an academic interest in cultural production amidst the newly opened, fast-growing Indian economy, allowing for financial speculation on contemporary Indian art. Bibliography