From a search it seems it was largely born from NYC bodega signage (which is ~every culture on the planet; my bodegas over the years have been Pakistani, Senega

From a search it seems it was largely born from NYC bodega signage (which is ~every culture on the planet; my bodegas over the years have been Pakistani, Senegalese, Ghanaian, Haitian, Mexican...) but some Bollywood posters' influence (one article says he asked for it specifically, others that that's just an inspiration). So, yes.