1164 Movies in India, only 24titles on Blu-ray at the moment. That makes sense that they are picking up film sources that has quality and qualified enough to be presented in Blu-ray.

Furthermore , they are not simply picked as there are part , where the director's vision DPX source are taken into consideration , saturation , blacks are concerned as well, before Blu-ray are produced.

Bollywood titles are slowly growing in the market , beating the existing DVD sales [ i pressume]. Box-Office movies like Kabhie Kushi Kabhie Gham , Dil Chahta Hai , 3 Idiots , My Name Is Khan, Dilwale  Dulhania Le Jayenge are more to comet titles are definitely not picked up from DVD source.

I hope this explains..