Putting aside the fact that the former policeman is revered as a hero in his native India, The Great Khali is still kind of super-racist. There's absolutely room for a wrestler that plays around with Bollywood tropes, but that's not really what The Punjabi Giant is all about.
Named for the Hindu goddess of death and motherhood, Kali, the former Mr. India was given the same inarticulate savage gimmick with which so many other foreign, non-white wrestlers are saddled. Adding absurdity to offense, he was originally managed by Daivari, who would shout at him in Persian, a language not even spoken in India. Then, when Khali lost his heat, WWE used another common move from their "Ideas for Colored Wrestlers" playbook, turning The Great Khali into The Punjabi Playboy, a squared circle lothario that made out with ugly women.
That said, did you see when The Great Khali tried to give Big Show a goat? That shit ruled.