If you have been watching Bollywood films over the years you might have observed the rapid advances in the overall quality of film making. While the conventional song and dance is very much in vogue, the various aspects of film making like photography, lighting, special effects etc have improved by leaps and bounds (e.g., Black, Yuva (most Mani Ratnam films). I guess this trend is going to continue. Check out this report about some technology adoption by Bollywood studios.
Pakora Korner 