The name "Bollywood" is a portmanteau derived from Bombay (the former name for Mumbai)

and Hollywood, the center of the American film industry.[6] However, unlike Hollywood, Bollywood
does not exist as a physical place. Though some deplore the name, arguing that it makes the
industry look like a poor cousin to Hollywood,[6][7] it has its own entry in the Oxford English Dictionary.
The naming scheme for "Bollywood" was inspired by "Tollywood", the name that was used to refer to
the cinema of West Bengal. Dating back to 1932, "Tollywood" was the earliest Hollywood-inspired
name, referring to the Bengali film industry based in Tollygunge,Calcutta, whose name is reminiscent
of "Hollywood" and was the centre of the cinema of India at the time.[8] It was this "chance
juxtaposition of two pairs of rhyming syllables," Holly and Tolly, that led to the portmanteau name
"Tollywood" being coined. The name "Tollywood" went on to be used as a nickname for the Bengali
film industry by the popular Kolkata-based Junior Statesman youth magazine, establishing a
precedent for other film industries to use similar-sounding names, eventually leading to the term
"Bollywood" being coined.[9] However, more popularly, Tollywood is now used to refer to the Telugu
Film Industry in Telangana & Andhra Pradesh. The term "Bollywood" itself has origins in the 1970s,
when India overtook America as the world's largest film producer. Credit for the term has been
claimed by several different people, including the lyricist, filmmaker and scholar Amit Khanna, [10] and
the journalist Bevinda Collaco.[11]