Phase Gaye Re Obama is a comedy set against the backdrop of a global recession/collapse that originated in the United States. The film follows the journey of OM Shashtri, an American citizen of Indian origin, who loses all his wealth overnight due to the global recession and has been asked by the bank to vacate his home unless he pays $100,000 (amount mortgaged) within 30 days. Seeing no other option, Om comes to India to sell a small part of his ancestral property. But within days of landing in India, he is kidnapped by a 'recession-hit' underworld gang, who think he is still a millionaire. What happens to Om? He Is he able to save the house from him? How did the 'poor' gangster deal with the 'poor' capture of him and what do the small town Indian gangsters have to say to President Obama? Story The film shows how the global recession/collapse affected the lives of an American based businessman to the underworld kingpins on the dusty plains of small town India.