The film, a story based on Mumbai slums has been nominated for Best Adapted Screenplay, Best Motion Picture, Best Director for Danny Boyle and Best Original score for AR Rahman, Best original song for Jai Ho and O Saaya, Best sound mixing, Best sound editing, Best editing and Best cinematography at the Oscars.
There is already a strong buzz going around that after his Golden Globe win, Rahman will definitely be winning the coveted Oscar trophy.
Other Oscar hopefuls this year are - Double golden globe winner Kate Winslet for her role in both Revolutionary Road and The Reader, Meryl Streep for Doubt, Brad Pitt for The curious case of Benjamin Button and Sean Penn for his portrayal of gay political activist Harvey Milk in Milk. Frost/Nixon, Mickey Rourke starrer The Wrestler and Angelina Jolie's Changeling are the other key contenders.
The 81st Academy Awards will be announced on February 22 at the Kodak Theatre in Los Angeles.