Looking at the performances of previous winners, many of our actors are fit for an Oscar accolade. Mammutty, Mohanlal, Thilakan, Suraj, Salim Kumar and many more. Just that we don't have that kind of global reach for our products. Remember, Jai Ho song from the movie Slumdog Millionaire has won an Oscar. Was that the best song that our industries produced till date? Or even that year? But that movie was directed by Danny Boyle if I remember it right, who is a British director.
