‘Slumdog Millionaire’ – A Stimulus package for India?
India started out deriding slumdog millionaire “poverty tourism”, but now has completely embraced. While 8 oscars is surely a big boost, it is the 2 Oscars given to A.R. Rahman that holds very special for most Indians. While it maybe just a movie, it might actually set off an interesting chain reaction.
It could help spread globalization and bring India more to the global markets. And it can open up newer products and newer markets to be created, and that could partly help economic revival. The story of 300 million middle class and 500 million other aspirants for middle class, all of whom barely tapped by global corporations, is not going to be lost even if S&P cuts Indian bonds to Junk tomorrow. Indian growth story is for there to stay, even if going with lesser hype and more reality. Slumdog is really the symbol of it. It shows India’s realities, but still manages to capitvate the global audience. Indians have no real reason to be embarrassed with the realities – it just happens for any growing country.
Indian market is still untapped by the West
Unfortunately, this is already there in principle but comparatively little has been done in practice, beyond outsourcing. India is traditionally suspicious of the west and goes with the wounded pride of not having its talents recognized in the International media. Movies like these also brings India and the west together, and can help faster movement of globalization once the current crisis is done with. If India sees that West is more accepting Indian culture, it would open up its markets more and that could bring up new opportunities for entrepreneurs on both sides. India could give the Western businesses vast markets (Hollywood has just started tapping Indian markets) and West could give India the technology.
If entrepreneurs on both sides work together there is an endless possibility of new markets – Silicon Valley can tap 700 million mobile customers who are planning to skip PC to mobile internet. Hollywood can tap a movie-crazy market, while at the same time reduce costs (most bollywood films, including Slumdog, is made in 1/20 of typical mainstream US movies), and get into new story genre. Wall street would be interested to know that barely 1% of Indians trade in equity markets and more people are getting to understand stock markets more. After this recession, they can sell their junk to more people 
. Madison Avenue would be surprized by the kind of advertising and marketing talents at the grassroots and can hasten an healthy interaction of ideas and help global corporations reach the untapped Indian majority. Even Detroit would be interested to know that some of its cars sell well in India.
Indian music industry
Coming back to slumdog oscar for AR Rahman, for India Rahman is like what Elvis is to US and Lennon is to UK. He is a national hero and is a symbol of Indian secularism (India celebrates a lot of Muslims as national heroes. Apart from Rahman, other heroes include former President Abdul Kalam, painter M.F. Hussain, actor Shah Rukh Khan and the businessman Azim Premji). Rahman comes from the same city as I’m, so maybe I’m a bit biased in here.
Rahman’s album has also catapulted in iTunes market and BillBoard ratings and that would be a great thing to Indian music. There are atleast 5 other great Indian musicians (including the legendary Ilayaraja) and Rahman’s passage to International music scene would help a few others to enter the lucrative market. Bollywood and rest of Indian industry (Bollywood is just one among 20 Indian film industries, and only slightly bigger than its nearest rivals) will also get a significant boost. Not all of those films are stereotypical song-and-dance movies, and there are lot of great actors and movie makers in there. Who knows, maybe Amir Khan might be the next Tom Hanks (ok, Tom Hanks is uncomparable, but there is nobody else in Hollywood who can take up his mantle when he retires, so why not somebody from Bollywood?). He certainly can beat many of the current generation Hollywood actors.
This article on USA today delves into many of the stuff and makes for an interesting reading.
http://www.usatoday.com/life/lifestyle/2009-03-03-india-slumdog_N.htm
Hurray for … Bollywood?
Not exactly, but there’s no doubt the success of India-set Slumdog Millionaire — eight Academy Awards and more than $100 million at the box office — has magnified India’s profile and accelerated the mingling of American and South Asian cultures.
Who knows? Just as salsa came to rival ketchup as America’s top-selling relish with the diffusion of Latino culture, maybe Slumdog is a sign more Americans will be consuming even spicier fare.
So pass the chutney.
"Now you can find Indian food even in mainstream grocery stores," jokes Vin Bhat, the American-born co-founder of Saavn, a New York-based company that, as the largest digital distributor of Bollywood movies, music, videos and ringtones, is benefiting from the success of Slumdog.
Music to more and more ears
"We’re seeing a tremendous impact," Bhat says. "We’re already seeing record downloads on iTunes and other major carriers; we’re seeing a lot of people purchasing tracks and albums by (Slumdog composer/musician) A.R. Rahman."
In fact, the soundtrack is top the album on iTunes and vaulted 26 spots to No. 22 on the Billboard chart in the days after the Oscars.
"People are buying Slumdog— it’s an access point for people to explore other movie and musical content from India," which is easier to do nowadays, thanks to the Internet, Bhat says.
Indians in America, long concentrated in the tech industry, say it’s about time. (Indians are the largest ethnic group among the South Asian population.)
"Perhaps it took something as spectacular as the Slumdog sweep to confirm our ‘arrival’ as a cultural, and not just professional, force," says Ragini Tharoor Srinivasan, editor of the American monthly India Currents.
The India-is-cool trend has waxed and waned for decades. "It goes back to The Beatles, Ravi Shankar, the Maharishi — look at how yoga is mainstream now," says frequent visitor Dan Storper, founder and CEO of Putamayo World Music, which expects its first, just-released all-Indian music CD, India, and coffee-table book, India: A Cultural Journey, to be best sellers in part thanks to Slumdog.
"There has been a curiosity about the region for a long time, but it always takes one big thing to take it to another level," Storper says. "The stage is now set."
Hollywood might be more willing to gamble on Indian-themed movies and other East-West collaborations now that Slumdog has established audience interest, says Chitra Banerjee Divakaruni, the Indian-born American novelist and author of The Mistress of Spices and just-published The Palace of Illusions.
"We’re kind of on the cusp, and Slumdog might tip us over," she says. "Fiction touches the imagination, and the impact lives on long after the facts of non-fiction have faded."
More and more, Bollywood and Hollywood are hooking up. Aussie singer Kylie Minogue is making her Bollywood debut in Indian superstar Akshay Kumar’s upcoming film, Blue, and has already recorded two songs for it, including the title track by Rahman.
Sylvester Stallone is appearing in an Indian film co-starring Kumar, Incredible Love, made in Hollywood and due out this year. Warner Bros. released the Hollywood-made Chandni Chowk to China, a Bollywood-style martial arts movie aimed at the world market, also starring Kumar, last month. Will Smith, Tom Hanks, Julia Roberts, George Clooney, Brad Pitt, Tom Cruise, Bruce Willis — all are said to be working out deals with Indian entertainment companies.
"There’s all sorts of people going to work" in India, Slumdog director Danny Boyle told reporters backstage after winning his Oscar. "The world’s shrinking a little bit."
But don’t expect pure Bollywood down at the local multiplex. The genre is not really most Americans’ cup of tea: no sex, not even kissing, and lots of over-the-top song-and-dance numbers. Five years ago, Bride and Prejudice, a Hollywood-Bollywood version of Jane Austen’s Pride and Prejudice, flopped at the U.S. box office.
"The people who go to see Paul Blart: Mall Copa ren’t going to start watching Bollywood films," says box-office analyst Gitesh Pandya, editor of BoxOfficeGuru.com. "But the exposure opens up more eyes."
Slumdog itself isn’t very Bollywoodish: There’s only one musical number. It’s a British production with a British director, a British-Indian male lead and a Dickensian story of a Mumbai slum-dweller’s rags-to-riches romance.
Nor is it the first India-themed movie to sweep the Oscars: Gandhi, a British production with a British cast and crew, took home eight top awards in 1982 but had almost no effect on U.S. culture.
Increased familiarity
By contrast, Slumdog lands in the American consciousness just as South Asian names, faces and accents are being heard more, thanks to immigration and population growth.
Nowadays, many Americans have Indian doctors — in fact, Indian-American Sanjay Gupta, a neurosurgeon and CNN correspondent, is being considered for U.S. surgeon general.
"For years, Indians complained about TV hospital shows that had no Indian doctors — it was completely unrealistic," Pandya says. "Then (British actress) Parminder Nagra was cast in ER, and everyone celebrated. This second generation born and raised in the U.S. wants to be represented" on TV.
And in politics. Louisiana Gov. Bobby Jindal, who delivered the GOP response to President Obama’s address last week, is the first Indian-American ever elected to a statewide office — and the first Indian-American politician to address the nation on national television.
South Asian names and faces are becoming more familiar in screen credits (director M. Night Shayamalan, The Sixth Sense); on TV (Kal Penn in House, Naveen Andrews in Lost, Sanjaya Malakar and Anoop Desai on American Idol, Aasif Mandvi on The Daily Show, even Apu on The Simpsons); on the news (Martin Bashir on Nightline, and Ali Velshi and Fareed Zakaria on CNN); and advertising (Indian-American Ajay Mehta stars in Fiber One cereal ads).
In music, Western pop stars such as Snoop Dogg, Jay-Z and Britney Spears, hook up with Indian stars and make hits. Singer M.I.A. is a London-born Sri Lankan; No Doubt bassist Tony Kanal is a London-born Indian.
Golf fans follow Vijay Singh, a Fijian of Indian descent, lifestyle junkies follow Deepak Chopra, and readers snatch up books by the likes of Salman Rushdie, Arundhati Roy and Jhumpa Lahiri.
"We’re trying to bridge the gap between East and West, and there’s a natural musical and creative synergy between Western music and classic Indian music," especially the rhythmic Bhangra genre that blends well with hip-hop, says Ted Chung, chairman of the Cashmere Agency, a Los Angeles company that brought Snoop Dogg together with Akshay Kumar to make the title track of Singh Is Kinng, a hit in India last year.
"The passion that drives us is to show each other’s culture and expose people to new things, so they’re not so ignorant or afraid of something they don’t know," Chung says.
