Detail: Featuring India as its guest country, the fair will play host to a selection of galleries And artists that will showcase the contemporary art scene in India today. Over the last few years, India has been one of the emerging art markets to expand most rapidly. The country's economic growth, the constant revaluation of Indian artists and the increase in private collecting has turned it into one of the most promising art scenes of the 21st century. For example, an oil painting by Ram Kumar, which initially sold for EUro32,000 in 2003, increased to Euro500,000 in 2006. Between 2005 and 2006, the auction sector rose from US$53 million to US$150 million. Thirteen Indian artists are listed among the 500 top-selling post-war artists. They include Subodh Gupta, Atul Dodiya, Shibu Natesan, Ravinder G. Reddy, Raqib Shaw, Syed Haider Raza, Tyeb Mehta and Jitish Kallat. 24 lots by the internationally acclaimed Anish Kapoor sold between July 2006 and June 2007 for Euro6,440,150. One of his works sold for Euro1,557,400 and more than fifteen works by other Indian artists have broken the Euro1 million barrier over the last few years. Residents of India now see art as an investment and European collectors are discovering more about Indian art. According to the auction houses, at least 15% of buyers are young collectors from France, Germany, Belgium and Italy, as well as other Asian countries.