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“Delirious” is the word to describe S.S. Rajamouli’s Indian action-adventure film that has become a worldwide phenomenon both in theaters and on Netflix since its summer release.

This Telugu-language big-budget spectacle starring Tollywood superstars N.T. Rama Rao Jr. and Ram Charan as revolutionaries fighting against the British Raj in 1920 features the sort of dizzyingly over-the-top action sequences and exuberant musical numbers that send audiences into a frenzy. Wildly entertaining for every minute of its three hour-plus running time, Rrr has become one of India’s highest-grossing films of all time and is now generating Oscar buzz.

Although the central characters are based on real-life historical figures, Rrr (the title stands for “Rise, Roar, Revolt”) is strictly fictional, as one of the most extensive opening disclaimers ever seen onscreen takes pain to emphasize. (We’re also assured that all of the animals seen in the film,...