By 1983 , the Bombay film industry was generating an estimated annual revenue of ( 7 billion , ) , equivalent to ( , 111.33 billion ) when adjusted for inflation . The most internationally acclaimed Hindi film of the 1980s was Mira Nair 's '' Salaam Bombay ! '' ( 1988 ) , which won the Camera d'Or at the 1988 Cannes Film Festival and was nominated for the Academy Award for Best Foreign Language Film
1988 Cannes Film Festival
1988 Cannes Film Festival
Bollywood