At IIM Ahmedabad, I developed two price indices for the Indian market. The following links provide all the details and the latest index releases.
1. IIM Ahmedabad-AuraArt Indian Art Index (IAIAI)
IAIAI is a quarterly price index reflecting price movement in constant-quality modern art (paintings) by Indian artists auctioned over time. Currently, the index is based on artwork produced by the top 25 artists. The index has been compiled using a data-driven methodology that analyzes price variations in auction sales of the top 25 Indian artists worldwide over 20 years. IAIAI, therefore, can offer art enthusiasts, financiers, insurers, and other stakeholders across the sector data to calculate the percentage change in the likely market price of an artwork over time.
For more details, visit the IIMA website.
Partner: Aura Art
2. IIM Ahmedabad-SFarmsIndia Agri Land Price Index (ISALPI)
ISALPI was launched during the second quarter of 2022. SFarmsIndia, a Hyderabad-based Agri Land (Online) marketplace, signed a memorandum of understanding (MoU) with the Indian Institute of Management Ahmedabad (IIMA) on 25 November 2021. The MoU laid out the blueprint for a collaborative research project on the pricing of Agri Land parcels listed on the SFarmsIndia platform. SFarmsIndia agreed to share new land listing data with IIMA on a regular frequency. IIMA agreed to explore developing an Agri Land Price Index for India based on the SFarmsIndia data. The first batch of data included over 6,000 listings across several states of India starting in January 2019.
For more details, visit the IIMA website.
Partner: SFarmsIndia
Prashant Das, Ph.D. 