The estimable Kishore Singh sees some signs that the Indian art market is feeling its way out of the darkness and into a brighter future:

Some signals that India is taking its baby-steps as an art destination of influence emerge from the corporate nod that art has been getting, and already Skoda, the title sponsor of the Rs 10 lakh prize money, has generated excitement in weaning down the longlist for the three solo exhibitions by contemporary artists to a shortlist of three, with the popular Jitish Kallat leading the way, though the winner will only be announced to coincide with the India Art Fair in January 2012. Also next year, an edition of Will Ramsay’s Affordable Art Fair (begun in 1999) will be held in New Delhi in September, and with the attendant marketing and PR blitz, it should generate some more buzz for the art bazaar.

Testing Times (Business Standard)