Laapataa Ladies (2023), a satirical take on patriarchy, is nominated in the Best International Film category.
Other contenders included Ranbir Kapoor's Animal, Aattam (Malayalam) and Cannes winner All We Imagine As Light.
Several other notable films from India have previously been in the race for the Academy Awards.
The 1957 Hindi film Mother India was the first ever Indian film to be nominated for the Academy Award.
Starring Nargis and Sunil Dutt, it was in the Best International Feature Film category.
Salaam Bombay! (1988), directed by Mira Nair, was another critically acclaimed nomination.
It was also on the list of 'The Best 1,000 Movies Ever Made' by The New York Times.
Ashutosh Gowariker's Lagaan (2001) was nominated for Academy Award for Best Foreign Language Film.
The film, starring and produced by Aamir Khan, also had Gracy Singh and British actor Rachel Shelley.
The Gujarati film Chhello Show (2021) was nominated the Best International Feature Film and got shortlisted.