Phase Gaye Re Obama is a comedy set against the backdrop of global recession / fusion that originated in US The film traces the journey of OM Shashtri, an American citizen of Indian origin, who loses all his wealth overnight to the global recession and has asked him to vacate his home by the bank unless you pay $ 100,000 (mortgaged amount) within 30 days. Seeing no other option, Om comes to India to sell a small piece of an ancestral property. But within days of landing in India, he is kidnapped by a gang of underworld “hit by the recession,” who they think that remains millionaire. What happens to Om, is he able to save your home, how the “poor” gangster cope with their ‘poor’ catch and what the Indians of the small town gangsters have to say to President Obama … it is largely the rest of the story. The film shows how the global recession affected the lives of an American businessman men of the underworld in the dusty plains of Little India.